Transactions: May 2021

A short list of recent major investment sales and financings from coast to coast.
Brooklyn Basin. Rendering courtesy of Newmark
Brooklyn Basin. Rendering courtesy of Newmark

READ THE DIGEST

SALES

Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
North Star Portfolio Nationwide 14,414 Morgan Properties, The Olayan Group STAR Real Estate Ventures $1.8 Billion 17-Feb.
Jefferson Platinum Triangle Anaheim, Calif. 400 Waterford Property Co., California Statewide Communities Development Authority JPI NorthMarq brokered the sale. $160 Million 26-Feb.
Seabourn Cove Boynton Beach, Fla. 456 Dermot Co. Heitman TIAA provided financing. $143 Million 16-Feb.
Almeria at Ocotillo Chandler, Ariz. 389 Sentinel Real Estate PASSCO Real Estate $129.3 Million 19-Mar.
Montreux Phoenix 335 Pacific Development Partners Statesman Group IPA represented the seller. $117 Million 8-Mar.
Lumina at Spanish Springs Sparks, Nev. 330 Northland Investment Corp. Sunroad Enterprises $100 Million 17-Feb.

FINANCING

Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Modera Hollywood Los Angeles Refinancing 248 Brookfield Asset Management Mill Creek Residential Trust $131.3 Million 18-Feb.
West Village + Office and Retail Space Durham, N.C. Refinancing 609 Blackstone Group Newmark arranged the financing. The Connor Group $184 Million 26-Feb.
Brooklyn Basin Parcel E Oakland, Calif. Construction 196 Bank OZK Newmark arranged the financing. Signature Development $130 Million 2-Mar.
The Opal Flushing, N.Y. Refinancing 388 Signature Bank A&E Real Estate Holdings $110 Million 4-Mar.
Stoneridge Walnut Creek, Calif. Bond 209 California Statewide Communities Development Authority HCF Development $97.3 Million 24-Feb.
Gables Rock Springs Atlanta Refinancing 558 Landesbank Baden-Wuerttemberg Jamestown $87.9 Million 1-Mar.

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

Read the May 2021 issue of MHN.