Landmark Completes JV Equity Recap Deal

Newport Beach-based Landmark Capital Advisors completed a complex joint-venture equity financing deal for The Ranch at Eastvale, a development planned for two million square feet of industrial and commercial space.

The capital advisory firm brought Summit Development together with two Southern California family office investors capable of understanding, navigating and bringing to life a more than $100-million project. The undisclosed equity proceeds raised were used to buy-out an equity interest held by Lehman Brothers, extend the escrow period, complete entitlements, and provide balance sheet capacity to close on the land.

Landmark Capital’s Adam Deermount and David Kidder Summit in the 76-net-acre recapitalization deal.