NEW YORK, June 24, 2022 /PRNewswire/ — Natixis Corporate & Investment Banking has provided $126,700,000 acquisition loan secured by 555 Aviation, a 259,754 square foot Class A creative office building located at El Segundo, California. The property was purchased by an affiliate of FS Credit Real Estate Income Trust, Inc., which is advised by an affiliate of FS Investments and sub-advised by Rialto Capital Management, LLC.
555 Aviation is 100% leased to three tenants, Fabletics, Saatchi & Saatchi and Belkin, all on long-term leases. The property features floor-to-ceiling windows and high ceilings, open-air breezeways, a fitness center, outdoor lounge areas, bicycle storage, and ample parking. The property is close to an array of affluent residential neighborhoods including manhattan beach, Redondo Beach, Hermosa Beach and the communities of Palos Verdes.
Rialto Capital Management, LLC is an integrated investment management and asset management platform with a dedicated special department. FS Investments, an asset manager which was founded in 2007 as Franklin Square Capital Partners and is currently headquartered in Philadelphia, Pennsylvania with offices at Orlando, Florida, New York, NY and Leawood, KS. Funding was arranged by Robert Ribbono and Brian Share at Cushman & Wakefield.
About Natixis Corporate and Investment Bank
Natixis Corporate & Investment Banking is a leading global financial institution providing advisory, investment banking, financing, corporate banking and capital markets services to corporates, financial institutions, financial sponsors and sovereign organizations and supranationals around the world.
Our teams of experts in 30 countries advise our clients on their strategic development, help them grow and transform their businesses, and maximize their positive impact. We are committed to supporting the environmental transition by aligning our financing balance sheet on a trajectory of +1.5°C by 2050.
Within the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne networks, Natixis CIB benefits from the Group’s financial solidity and solid financial ratings (Standard & Poor’s: A, Moody’s: A1, Fitch: A+, R&I: A+).
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