Transactions: April 2021

A short list of recent major investment sales and financings from coast to coast.
Ventana Residences. Rendering courtesy of Presidio Bay Ventures



Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
Lands End Manhattan 489 Related Cos. L+M Development Partners, CIM Group Cushman & Wakefield brokered the transaction. $424 Million 12-Jan.
Crystal House Arlington, Va. 825 Washington Housing Conservancy Mack-Cali Realty $376.6 Million 6-Jan.
Hyde Square Bellevue, Wash. 618 DWS Carmel Partners Berkadia represented the buyer. $279.1 Million 20-Jan.
Heritage at Deer Valley Phoenix 832 Millburn & Co. Priderock Capital Partners CBRE represented the seller. $178.5 Million 5-Feb.
Midtown 5 Miami 400 Sterling American Property Magellan Development Group $154.4 Million 5-Jan.
Ten01 on the Lake Tempe, Ariz. 523 Oxford Properties Group PGIM Real Estate CBRE brokered the transaction. $146 Million 27-Jan.


Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Union Square D2 Block Somerville, Mass. Construction 450 Bank OZK Union Square Station Associates, Magellan Development, USAA Real Estate Co. $120 Million 7-Jan.
Ventana Residences San Francisco Construction 193 AFL-CIO Housing Investment Trust Presidio Bay Ventures $120 Million 27-Jan.
The Rise Hollywood Los Angeles Construction 369 Square Mile Capital Management Encore Capital Management, Cal-Coast Development $110.4 Million 1-Feb.
Andante Phoenix Acquisition 576 Fannie Mae CBRE Capital Markets MG Properties Group $99.5 Million 7-Jan.
Normandie Court Manhattan Refinance 1,477 JPMorgan Chase Ogden Cap Properties $125 Million 5-Jan.
Polyclinic Manhattan Refinance 151 HUD Walker & Dunlop NYC Housing Partnership, Housing on Merit $93.9 Million 12-Jan.

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Read the April 2021 issue of MHN.