December 21, 2014 10:58 AM ET

Capital Markets

Company Overview of Rialto Capital Management LLC

Company Overview

Rialto Capital Management LLC is a real estate investment arm of Lennar Corp. It seeks to invest in distressed residential and commercial real estate asset investment, management, workouts, and and turnaround strategies in the United States and internationally. It focuses on raising, investing and managing third party capital, originating and securitizing commercial mortgage loans. Rialto Capital Management LLC was founded in 2007 and is based in Miami, Florida.

700 North West 107th Avenue

Suite 400

Miami, FL 33172

United States

Founded in 2007

Phone:

305-485-2077

Fax:

305-229-6425

Key Executives for Rialto Capital Management LLC

Founder
Age: 58
President
Chief Financial Officer
Managing Director
Chief Investment Officer and Chief Operating Officer
Compensation as of Fiscal Year 2014.

Rialto Capital Management LLC Key Developments

Rialto Investments Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended May 31, 2013

Rialto Investments reported unaudited earnings results for the second quarter and six months ended May 31, 2013. For the quarter, the company reported operating earnings were $2.8 million (which included $8.5 million of operating earnings offset by $5.7 million of net earnings attributable to non controlling interests), compared to operating earnings of $4.3 million (which included $7.5 million of operating earnings offset by $3.2 million of net earnings attributable to non controlling interests) in the same period last year. Revenues in this segment were $25.7 million which consisted primarily of accretable interest income associated with the segment's portfolio of real estate loans and fees for managing and servicing assets, compared to revenues of $33.5 million in the same period last year. Revenues decreased primarily due to lower interest income as a result of a decrease in the segment's portfolio of loans. For the six months, the company reported operating earnings were $4.5 million (which included $9.9 million of operating earnings offset by $5.4 million of net earnings attributable to noncontrolling interests), compared to operating earnings of $13.7 million (which included $12.5 million of operating earnings and an add back of $1.2 million of net loss attributable to noncontrolling interests) in the same period last year. Revenues in this segment were $51.3 million, which consisted primarily of accretable interest income associated with the segment's portfolio of real estate loans and fees for managing and servicing assets, compared to revenues of $65.7 million in the same period last year. Revenues decreased primarily due to lower interest income as a result of a decrease in the segment's portfolio of loans.

Rialto Capital Management LLC Announces Unaudited Earnings Results for the First Quarter Ended February 28, 2013

Rialto Capital Management LLC announced unaudited earnings results for the first quarter ended February 28, 2013. In the quarter operating earnings of the company totaled $1.7 million (including an add back of $0.3 million of net loss attributable to non-controlling interests), compared to $9.4 million (including an add back of $4.3 million of net loss attributable to non-controlling interests) reported in the same period last year. Revenues were $25.6 million in the first quarter of 2013, which consisted primarily of accretable interest income associated with the segment's portfolio of real estate loans and fees for managing and servicing assets, compared to revenues of $32.2 million in the same period last year. Revenues decreased primarily due to lower interest income as a result of a decrease in the portfolio of loans.

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Date
Target
Merger/Acquisition
August 21, 2014
Walnut Creek Executive Park
Merger/Acquisition
July 30, 2014
90-Acre Swath Along The South Side Of 87th Street
Merger/Acquisition
July 23, 2014
Bahia Mar Fort Lauderdale Beach Hotel
 

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