Paul Hastings, a leading global law firm, announced today that the firm represented Oaktree Capital Management and its real estate opportunities funds and distressed debt funds in connection with Oaktree’s first ever securitization of non-performing loans and other real estate.
The single class, $195 million offering, rated Baa3/BBB- by Moody’s and Fitch, was backed by approximately 700 loans and 78 properties.
Philip Feder, the head of Paul Hastings’ Global Real Estate practice, andChristine Spletzer, who heads the Firm’s Securitization practice, led the Firm’s efforts on the acquisition of the portfolios comprising the assets and on the capital markets offering, aided by Real Estate partnersRobert Keane and John Cahill, and Tax partners Andrew Short andKristen Chang Winckler.
