DLC Management And DRA Advisors Landlords Secure $430M Acquisition Loan In Cerritos CA

The asset involved in the transaction is a retail property located in Cerritos, CA, encompassing a total square footage of 1,933,822. The acquisition loan for this property amounts to $430,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $430,000,000
• Loan Type: Acquisition
• Lender: Bill Rodgers Jr. - Truist, Richard Fairbank - Capital One
• Landlord: Adam Ifshin - DLC Management, David Luski - DRA Advisors, Brett Gottlieb - DRA Advisors
• Landlord's Representative: Jordan Roeschlaub - Newmark, John Caraviello - Newmark, Nick Scribani - Newmark, Adam Doneger - Newmark

The deal includes key individuals such as Bill Rodgers Jr. and Richard Fairbank representing the lending entities. The partnership also involves Adam Ifshin overseeing the landlord's interests, alongside DRA Advisors represented by David Luski and Brett Gottlieb. The representation for the landlord was facilitated by a team from Newmark, highlighting the collaborative effort in this acquisition process.