Transactions: June 2020

A short list of recent major investment sales and financings from coast to coast.
Park Hacienda. Image courtesy of JLL Capital Markets

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SALES

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

FINANCING

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

To have your transaction featured, submit details to Roxana.Baiceanu@cpe-mhn.com.

Read the June 2020 issue of MHN.