Finance & Investment
Transactions: December 2020
A short list of recent major investment sales and financings from coast to coast.
Alliant Capital Closes Investment in California Affordable Projects
The new communities in Contra Costa and Santa Rosa counties are targeting Northern California’s acute affordable housing shortage.
Northshore Development Scores $36M Construction Loan
JLL Capital Markets arranged the financing for the 258-unit West Shore Apartments in Palm Bay, Fla.
Element Property Co. Buys Arizona Community for $30M
Delivered in 2004 and 2008, Port Royale in Sierra Vista includes 252 apartments across 18 buildings.
Blackstone Pays $175M for Pacific Northwest Portfolio
Built between 1980 and 1992, the Class B properties include 935 units near Seattle plus 104 apartments outside Portland, Ore.
Erkiletian Lands $142M Loan for Washington, DC-Area Community
The recently completed property near the Potomac River in Arlington, Va., offers 360 luxury units across 12 stories.
Tower 16 JV Buys 258-Unit Tucson Property
NorthMarq represented the seller and the buyer, as well as arranging financing on behalf of the joint venture.
American Landmark Expands Tampa Portfolio
The acquisition of a 248-unit community in Wesley Chapel, Fla., brings its portfolio in the area to seven communities.
Finkelstein Timberger Secures $186M Bronx Refi
Fannie Mae provided the loan for 16 apartment properties through PGIM Real Estate’s agency lending program.
Sack Properties Acquires Seattle-Area Apartments
The purchase of Chateau Woods marks the company’s third transaction in the last 18 months on Seattle’s Eastside.