Transactions: March 2021

A short list of recent major investment sales and financings from coast to coast.
Vue 22. Image courtesy of MG Properties Group

READ THE DIGEST

SALES

Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
Denver and Oregon Portfolio Denver, Portland, Ore., Lake Oswego, Ore. 938 Security Properties, Rockwood Capital Multi-Employer Property Trust $405 Million 14-Dec.
Vantage Pointe San Diego 679 Brookfield Properties Equity Residential Walker & Dunlop provided Freddie Mac acquisition financing. $312.5 Million 28-Dec.
One Union Square South Manhattan 240 Raghsa Related Cos. Meridian Capital Group brokered the sale and arranged Fannie Mae financing. $211.4 Million 19-Nov.
Vue 22 Bellevue, Wash. 451 MG Properties Group Kennedy Wilson JLL represented the seller and arranged financing. $191 Million 8-Dec.
Emera Port Royale Fort Lauderdale, Fla. 555 Northwestern Mutual Mill Creek Residential Trust, Invesco $180 Million 25-Nov.
Notting Hill Atlanta 709 LivCor JRK Property Holdings CBRE arranged the transaction. $179 Million 24-Nov.

FINANCING

Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
420 Kent Avenue Brooklyn Refinance 605 Citibank Spitzer Enterprises $298 Million 10-Nov.
THEA at Metropolis Los Angeles Refinance 685 Athene USA Greenland Group $250 Million 2-Dec.
Meridian at Mount Vernon Triangle Washington, D.C. Refinance 783 Freddie Mac Berkadia Commercial Mortgage Paradigm Development $250 Million 2-Nov.
1331 Washington, D.C. Refinance 373 Square Mile Capital Management Republic Family of Cos. $170.3 Million 23-Dec.
Newport Ridge Newport Beach, Calif. Refinance 512 Fannie Mae Capital One Irvine Co. $166.8 Million 4-Dec.
1252 Boylston Street Boston Construction 451 Madison Realty Capital Scape $165 Million 2-Nov.

To have your transaction featured, submit details to Jeffrey.Hamann@cpe-mhn.com.

Read the March 2021 issue of MHN.