Transactions: March 2022

March 1, 2022

Jefferson Vista Canyon. Image courtesy of JPI

Property	Location	No. of Units	Buyer	Seller	Notes/Rep.	Value	Date Announced
Barcroft	Arlington, Va.	1,325	Jair Lynch Development Partners	A private investor	Hogan Lovells represented the buyer and Amazon Housing Equity Fund provided financing.	$425 Million	29-December
Sahara and Playa Palms	Gilbert, Ariz.	840	3rd Ave Investments	Samuel Geltman & Co.	–	$238 Million	21-December
Jefferson Vista Canyon	Santa Clarita, Calif.	480	Harbor Group International, Azure Partners	JPI	JLL brokered the transaction.	$230 Million	3-January
Sofi Ocean Hills	Oceanside, Calif.	404	Pacific Urban Investors	AIR Communities	–	$196 Million	4-January
Solano at Miramar	Miramar, Fla.	512	Brookfield Properties	RangeWater Real Estate, Crow Holdings	Newmark facilitated the sale.	$188 Million	27-December
Dunwoody Village	Dunwoody, Ga.	794	Bridge Investment Group	Starwood Capital Group	–	$183 Million	21-December

Property	Location	Type of Financing	No. of Units	Lender	Arranged by	Borrower / Notes	Amount	Date Announced
Fully Affordable Two-Property Portfolio	Brooklyn, N.Y.	Refinancing	1,922	New York City Housing Development Corp.	–	L+M Development Partners, Settlement Housing Fund	$440 Million	12-January
Wood Creek	Pleasant Hill, Calif.	Bond	482	Wilmington Trust	–	Opportunity Housing Group, California Statewide Communities Development Authority	$392 Million	28-December
Mixed-Use Portfolio including Hollingsworth Apartments	Manhattan, N.Y.	Refinancing	320	Blackstone Group	–	Vanbarton Group	$242 Million	7-January
2-33 50th Ave.	Long Island City, N.Y.	Construction	499	Wells Fargo Bank	–	The Vorea Group, The Domain Cos. and L+M Development Partners	$220 Million	7-January
Cortland Portofino Place	West Palm Beach, Fla.	Refinancing	812	KKR	–	Cortland	$171 Million	10-January
Highlands Nanuet	Nanuet, N.Y.	Acquisition	504	Signature Bank	JLL	Cammeby’s International	$169 Million	29-December