We advised Strategic Value Partners on the transactions

Davis Polk advised affiliates of Strategic Value Partners, LLC (SVP) on its acquisition of the defaulted mortgage loan secured by The Bluffs at Playa Vista - a 500,000 square-foot two building creative office campus located in the heart of Playa Vista in Los Angeles County, California. Upon foreclosure of the loan, Davis Polk also represented SVP in connection with a joint venture with Lincoln Property Company and the related acquisition financing.

Strategic Value Partners is a global alternative investment firm focused on distressed debt and private equity opportunities. SVP has approximately $19 billion in assets under management and, since inception, has invested more than $48 billion of capital.

Lincoln Property Company is one of the largest diversified real estate services companies, with 35 offices across the United States, the United Kingdom and Europe. Since 2018, Lincoln Property Company has acquired and developed more than $24 billion and 62 million square feet of commercial projects.

The Davis Polk real estate team included partner Brian S. Lichter, counsel Avelina Burbridge and Susan D. Kennedy, associates Erica C. Berman, Paulina P. Lerner, Shua Mermelstein, Holly Paige Constants and Onuoha Odim. Partner Patrick E. Sigmon and associate Bradford Sherman provided tax advice. All members of the Davis Polk team are based in the New York office.

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