We advised Strategic Value Partners on the transactions

Davis Polk advised affiliates of Strategic Value Partners, LLC (SVP) on the 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.

SVP is one of the largest opportunistic credit investment firms globally, managing more than $18 billion in assets under management across distressed debt, event-driven, special situations, private equity, and financing opportunities. The firm has invested over $50 billion of capital, since being founded by Victor Khosla in 2001.

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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