Marathon Asset Management Provides $164M Mortgage Loan for Class A Mall in Thousand Oaks

NEW YORK–(BUSINESS WIRE)–Marathon Asset Management’s Commercial Real Estate platform originated a $164 million mortgage loan to fund Stockdale Capital Partners’ acquisition of The Oaks, a Class A regional mall located in Thousand Oaks, CA, an affluent community within the Greater Los Angeles Area. Stockdale acquired The Oaks from Macerich in a transaction that closed on December 10^th, 2024.

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The Oaks is a 1.2 million square foot regional mall, situated on an expansive 85-acre site that is anchored by a Nordstrom, Dick’s Sporting Goods, and AMC Theaters. In addition, the asset includes an attractive tenant mix of national retailers such as Apple, Anthropologie, Zara, H&M, and Arhaus. The Oaks serves an expansive trade area with robust demographics and has consistently demonstrated stable occupancy and strong sales on a per square foot basis.

Marathon’s Commercial Real Estate Team, led by Managing Director Joseph Griffin, worked closely with the sponsor Stockdale Capital Partners to originate the senior acquisition loan. Eastdil Secured, led by Greg Stampley and Jessica Henning, arranged the financing.

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“We are excited to partner with Stockdale Capital Partners on their acquisition of The Oaks by providing a creative debt capital solution. Our mortgage loan will allow Stockdale the flexibility to execute on their business plan by providing investable capital to update and improve this desirably located property to meet the strong local demand for retail,” said Joseph Griffin, Head of Commercial Real Estate at Marathon.

About Marathon Asset Management:
Marathon Asset Management, L.P. is a leading global asset manager specializing in the Public and Private Credit markets with over $23 billion of assets under management. Marathon has dedicated investment programs spanning the spectrum of Private Credit: Direct Lending, Asset-Based Lending and Opportunistic as well as the spectrum of Public Credit. Marathon was founded in 1998 and is managed by Bruce Richards (Co-Founder & CEO) and Louis Hanover (Co-Founder & CIO) and employs more than 180 professionals, with 8 Partners. Its corporate headquarters are located in New York City, and it has offices in London, Miami, Los Angeles and Luxembourg. Marathon is a Registered Investment Adviser with the Securities Exchange Commission. For more information, please visit the company’s website at www.marathonfund.com.