Djm Capital Partners, a California-based private equity real estate firm, has demonstrated its expertise in revitalizing and reimagining properties with the successful transformation of Lido Marina Village in Newport Beach, CA. This article explores the strategic partnership that facilitated the project’s recapitalization and ultimate success.
Arc Capital Partners and Belay Investment Group recently announced a successful exit from their preferred equity investment in Lido Marina Village. This transaction underscores the significant value created by DJM Capital Partners, which has owned and operated the 106,000-square-foot mixed-use property since 2013. The property boasts 100% occupancy and attracts approximately 1.5 million visitors annually.
During the challenges of the COVID-19 pandemic, Arc Capital Partners, in collaboration with Belay Investment Group, provided crucial capital for DJM to recapitalize the construction loan. This timely investment allowed DJM to navigate a turbulent period in the capital markets and continue developing Lido Marina Village. According to DJM President, Lindsay Parton, the firms share a long-standing relationship and intend to pursue similar opportunities in the future. They are particularly interested in dynamic, high barrier-to-entry locations throughout the Western United States.
Built in 1971 and renovated in 2016 and 2022, Lido Marina Village has been transformed into a vibrant destination. DJM’s strategic rebranding has attracted upscale retailers and restaurants such as Nobu, Zinque, Malibu Farm, and Aesop. The property offers stunning waterfront views, boutique shopping, and high-end dining, all within a pedestrian-friendly environment.
Arc Capital Partners Co-Founders, Quincy Allen and Neville Rhone, expressed their enthusiasm for partnering with DJM on this unique project. They emphasized the property’s appeal as a coastal lifestyle destination and acknowledged the challenges overcome during a difficult period in the capital markets. The successful exit from Lido Marina Village represents the third successful collaboration between Arc and Belay, highlighting their ability to identify and capitalize on compelling investment opportunities.
Belay Investment Group’s Co-Founder, CEO, and CIO, Eliza Bailey, commended Arc’s ability to identify value-add opportunities and elevate investment performance through alternative strategies. Managing Director Jake Loughridge praised the team’s creative problem-solving during the pandemic and DJM’s skillful leasing and community programming, which further enhanced the investment’s value. The refinance and recapitalization were facilitated by Bryan Ley of JLL and his team.
DJM Capital Partners continues to demonstrate its ability to create thriving destinations that meet the evolving demands of consumers and businesses. Their success at Lido Marina Village exemplifies their expertise in placemaking and transforming real estate into vibrant community hubs. The project underscores the power of strategic partnerships and innovative approaches to navigate challenging market conditions and achieve long-term success in the real estate industry. The collaboration between DJM Capital Partners, Arc Capital Partners, and Belay Investment Group serves as a model for successful real estate investment and development.
