Former media exec Ryan Kavanaugh relists Malibu pad
The firm he co-founded, Relativity Media, has been financially troubled
Just a few months after selling a Brentwood home at a loss, Ryan Kavanaugh is hoping for better luck in Malibu.
The co-founder of Relativity Media — which is filing for bankruptcy a second time — listed his 5,300-square-foot home in Point Dume for $10.7 million, Variety reported. It first hit the market in April 2016 for $10 million, and later dropped to $8.9 million before it was taken off the market five months later.
The home includes five bedrooms and five bathrooms. It has a two-bedroom guest house, as well as a saltwater swimming pool and a garage.
Kavanaugh paid $7 million for the home in 2013, property records show.
His mother, Leslie Kavanaugh of Rodeo Realty, has the listing.
The film producer and financier is best known for producing movies that include “Limitless,” “Social Network” and “Dear John.” In recent years, Relativity Media has been struggling to stay afloat, filing for bankruptcy in 2015, before emerging from it a year later. It recently said it was filing for Chapter 11 again. In May, Relativity said it was selling itself to UltraV Holdings LLC, a partnership between Sound Point Capital Management and RMRM Holdings, according to the Hollywood Reporter.
Kavanaugh also owns properties in Santa Monica. He sold a residence in Brentwood for $9.3 million in October. [Variety] — Natalie Hoberman