Strategic Value Partners and Lincoln Property Company Acquire The Bluffs Office Property in Playa Vista, California

Strategic Value Partners, LLC, (together with its affiliates, “SVP”), a global alternative investment firm with approximately $19 billion of assets under management, and Lincoln Property Company (“Lincoln”), a global full-service real estate firm, today announced the acquisition of The Bluffs office campus in Playa Vista, California. The two-building creative office campus, located at 12121 and 12181 Bluff Creek Drive, includes 500,000 square feet of space in the heart of Playa Vista’s work-play-live environment.

The Bluffs features large and efficient floor plates, ranging from 35,000 square feet up to 51,000 square feet, with dual cores that allow for more flexible and efficient space planning. Tenant amenities include an onsite fitness center, three restaurants and a professional property management team provided by Lincoln. SVP and Lincoln are planning renovations to the common outdoor courtyard and building lobbies, with the goal of achieving enhanced design, purpose, connectivity and wayfinding in each space.

“We are delighted to add The Bluffs to our real estate portfolio and begin a capital improvement plan aimed at creating more functional, inviting spaces for current and future tenants,” said Mike Ungari, SVP’s Global Head of Real Estate. “These improvements, as well as a refreshed leasing campaign put in place by the Lincoln team, will allow the campus to more effectively compete for the tenancy of global organizations that want to create or expand an office footprint in Los Angeles.”

“The Bluffs has long been known as a premier office campus in Playa Vista. We are grateful to be a part of the ownership group with SVP and provide management and leasing services that will position the property as a world-class office asset, attracting the highest caliber tenants in the market,” said Rob Kane, Senior Executive Vice President overseeing the Southern California Region for Lincoln.

The Bluffs campus is accessible to the I-405, I-105, CA-90, and I-10 freeways, LAX, and Los Angeles’ premier beach communities. Situated three blocks from Runway Playa Vista, tenants have access to a shuttle service that brings them to the 220,000-square-foot retail complex, which features world-class restaurants, a Whole Foods Market, and shopping. The Bluffs is also adjacent to the nine-acre Campus Central Park and recreational venues, which include basketball, soccer, tennis and volleyball courts. Each building at The Bluffs features showers and changing rooms, allowing tenants to take full advantage of the surrounding recreational opportunities.

About SVP

SVP is a global alternative investment firm that focuses on special situations, private equity, opportunistic credit and financing opportunities. The firm uses a combination of sourcing, financial and operational expertise to unlock value in its portfolio companies. Today SVP manages approximately $19 billion in assets under management, and since inception, has invested more than $48 billion of capital, including more than $18 billion in Europe. The firm, established by Victor Khosla in 2001, has over 200 employees, including more than 100 investment professionals, across its main offices in Greenwich (CT) and London, and a presence in Tokyo. Learn more at www.svpglobal.com.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 557 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.