With its roots in distressed real estate, Rialto Capital has built its integrated Investment Management & Asset Management infrastructure to control each aspect of the investment process.
Predecessor Business to LNR Formed within Lennar by Jeff Krasnoff.
Jeff Krasnoff, then Chief Financial Officer of Lennar Corporation’s Commercial Property and Asset Management business, forms predecessor to LNR, focusing on distressed real estate workout and turnarounds
Pioneer as CMBS B-Piece Buyer & Special Servicer.
LNR is one of the early pioneers as an issuer of CMBS, CMBS B-piece buyer and Special Servicer, laying the groundwork for its granular underwriting infrastructure
LNR Spun-off from Lennar on NYSE with Jeff Krasnoff as President.
LNR is spun out from under Lennar as its own public vehicle on the New York Stock Exchange with Jeff Krasnoff as President
LNR Expands Operations to Japan.
LNR opens a Loan Workout and Asset Management office in Tokyo to capitalize on opportunities arising from dislocations in Asian real estate markets
LNR Expands Operations to Europe.
LNR works out distressed real estate loans and assets across Europe and establishes offices in London and in a number of cities throughout Germany
LNR Sold in Take-Private Transaction.
LNR entered into a $4.2B take-private transaction with affiliates of Cerberus with Jeff Krasnoff staying on a President and Chief Executive Officer until July 2007
Rialto Capital Founded by Jeff Krasnoff.
Jeff Krasnoff incubates Rialto Capital's investment program within Lennar to initially focus on opportunities in dislocated real estate markets expected to develop in the coming years
Rialto Capital Launches RREF I($700M).
Rialto Capital launched RREF I, which ultimately was capitalized with $700M of investor commitments, to focus on portfolios of distressed real estate loans/assets and B-pieces of newly issued commercial mortgage backed securities
Jay Mantz joins Rialto Capital, formerly Global Head of Merchant Banking at Morgan Stanley.
Jay Mantz joined Rialto Capital as President after serving 18 years at Morgan Stanley, most recently as the Global Head of its Merchant Banking Group and Head of Real Estate Investing
Rialto Capital Launches RREF II($1.3B).
Rialto Capital launched RREF II, which ultimately was capitalized with $1.3B of investor commitments, to continue the RREF I investment strategy focusing on CMBS B-pieces, direct real estate acquisitions, distressed portfolios of real estate loans/assets and direct lending opportunities
Rialto Capital Launches Direct Lending Platform.
Rialto Capital established its direct lending platform, capitalized with over $920M from 2013-2017, to focus on acquiring and originating senior floating rate loans, subordinate real estate loans and B-notes
Rialto Capital Launches RREF III-Debt & Property ($1.9B).
Rialto Capital launched RREF III-Debt and RREF III-Property, two separately capitalized follow-on funds totaling $1.9B of investor commitments to continue the investment strategies previously set forth in Rialto Capital's Flagship opportunistic Fund series
FS Credit REIT Launches.
FS Credit REIT launched with Rialto Capital as sub-advisor to focus on originating the senior floating rate loans, subordinate real estate loans and certain commercial mortgage backed securities
Stone Point Capital Funds & Rialto Capital Management Acquired Rialto from Lennar.
Rialto Capital was acquired by funds managed by Stone Point Capital in a partnership with the Rialto Capital Management Team, who are now part-owners in the Company (previously 100% owned by Lennar)