The first and largest ground-up creative office campus in Orange County has come under new ownership. Glendon Capital Management bought a majority stake in the six-year-old Flight at Tustin Legacy campus in Tustin, the Orange County Business Journal reported. The firm was founded in 2013 by a group of former Oaktree Capital executives and is reported to manage about $5 billion in assets. Glendon joins previous investor Lincoln Property Company among ownership and replaces Boston-based private equity firm Alcion Ventures as the primary investor in Flight. Lincoln Property will continue to serve as its property and asset manager of the […]
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