Transactions: May 2022

April 27, 2022

American Copper Buildings. Image courtesy of SEFAR Architecture

Property	Location	No. of Units	Buyer	Seller	Notes/Rep.	Value	Date Announced
American Copper Buildings	New York, N.Y.	761	Black Spruce	JDS Development Group, Baupost Group	Cushman & Wakefield faciliated the sale.	$837 Million	14-March
Del Mar Terrace	Phoenix	1,012	Tides Equities, CIM Group	Heers Management	NorthMarq brokered the transaction.	$255 Million	28-February
Motif	Fort Lauderdale, Fla.	385	Thomas Tomanek & Associates	Bluerock Real Estate, ArchCo Residential	–	$195 Million	24-March
Cunningham Heights	Queens Village, N.Y.	1,056	A&E Real Estate Holdings	The Benjamin Cos.	Charatan Realty represented both parties.	$130 Million	1-March
Centreport Lake	Fort Worth, Texas	452	Marlin Spring	JRK Property Holdings	–	$125 Million	8-March
Santos Flats	Tampa, Fla.	296	Cortland	LIV Development	–	$120 Million	24-March

Property	Location	Type of Financing	No. of Units	Lender	Arranged by	Borrower / Notes	Amount	Date Announced
Broadstone Stockyard	Nashville, Tenn.	Refinance	342	Wells Fargo Bank	–	LivCor	$705 Million	15-March
47-05 Center Blvd.	Long Island City, N.Y.	Refinance	395	Metropolitan Life Insurance Co.	–	Rockrose Development	$210 Million	3-March
The Paxton	Brooklyn, N.Y.	Refinance	327	H.I.G. Capital	–	Jenel Real Estate	$192 Million	21-March
Heron	Tampa, Fla.	Refinance	420	Metropolitan Life Insurance Co.	–	Strategic Property Partners	$180 Million	9-March
Renaissance Plaza Square	New Brunswick, N.J.	Refinance	415	Freddie Mac	CBRE Capital Markets	Renaissance Management Group	$135 Million	9-March
The Preserve at Woodfield	Rolling Meadows, Ill.	Refinance	662	Arbor Realty Trust	–	Beitel Group	$102 Million	1-March