Transactions: June 2020

May 27, 2020

Park Hacienda. Image courtesy of JLL Capital Markets

Property	Location	No. of Units	Buyer	Seller	Notes/Rep.	Value	Date Announced
Park Hacienda	Pleasanton, Calif.	540	Acacia Capital	Equity Residential	JLL Capital Markets represented the seller.	$248 Million	5-Mar
The Varsity	College Park, Md.	258	Greystar	American Campus Communities	–	$146 Million	27-Mar
The Royal Belmont	Belmont, Mass.	298	Harbor Group International	MLP Ventures	Walker & Dunlop brokered the transaction.	$120.5 Million	6-Mar
The Cosmopolitan at Reston Town Center	Reston, Va.	288	Cherner Development Group	Dweck Properties	–	$120 Million	13-Mar
Nine15	Tampa, Fla.	362	Blaze Partners	Carter	–	$120 Million	2-Mar
Wakaba LA	Los Angeles	240	J.P. Morgan Asset Management	Sares-Regis Group	–	$115.8 Million	7-Feb

Property	Location	Type of Financing	No. of Units	Lender	Arranged by	Borrower / Notes	Amount	Date Announced
The Charlotte	Jersey City, N.J.	Construction	750	QuadReal Finance	CBRE	Mack-Cali Realty	$300 Million	12-Feb
The Vogue	Manhattan	Refinance	320	Blackstone Group	Cushman & Wakefield	Vanbarton Group	$240 Million	3-Mar
Hancock Village	Boston	Refinance	789	Freddie Mac	–	Chestnut Hill Realty was the borrower. Berkadia originated the loan.	$211.3 Million	28-Feb
47-20 Center Boulevard	Long Island City, N.Y.	Refinance	495	Fannie Mae	–	TF Cornerstone was the borrower. PNC Bank originated the loan.	$198 Million	1-Apr
Kenmore Towers	Los Angeles	Refinance	58	Bank of America	–	Jeffrey Greene	$170 Million	25-Feb
The Capitol at Chelsea	Manhattan	Refinance	386	Prudential Financial	–	J.P. Morgan Asset Management	$130 Million	23-Mar