Transactions: November 2021
A short list of recent major investment sales and financings from coast to coast.
Ascend at Kierlan. Image courtesy of CBRE
SALES
| Property | Location | No. of Units | Buyer | Seller | Notes/Rep. | Value | Date Announced |
| Ascend at Kierland, Elite North Scottsdale | Scottsdale, Ariz. | 724 | The Ezralow Co. | Bascom Group | CBRE represented the seller. | $313 Million | 24-August |
| Bell Alpharetta | Alpharetta, Ga. | 800 | Bell Partners | RangeWater Real Estate | JPMorgan Chase provided acquisition financing. | $240 Million | 10-September |
| One Boynton | Boynton Beach, Fla. | 494 | LivCor | RangeWater Real Estate | – | $171 Million | 2-September |
| Cortland West Nashville | Nashville, Tenn. | 435 | Cortland | Crescent Communities | – | $155 Million | 17 September |
| Nautilus Point | Annapolis, Md. | 611 | Bainbridge Cos., TPG Real Estate | Castle Lanterra Properties | Transwestern represented the seller. | $154 Million | 2-September |
| Camden Central | St. Petersburg, Fla. | 368 | Camden Property Trust | Related Group | – | $150 Million | 25-August |
FINANCING
| Property | Location | Type of Financing | No. of Units | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| Truffles | Manhattan | Refinance | 291 | Blackstone Group | Newmark arranged the financing. | Related Cos. | $258 Million | 25-August |
| Block 55 at Sawyer’s Walk | Miami | Bonds, Construction | 578 | Housing Finance Authority of Miami-Dade County, City of Miami | – | Swerdlow Group | $208 Million | 25-August |
| One Uptown Newport | Newport Beach, Calif. | – | 458 | Comerica Bank | – | The Picerne Group, The Shopoff Group | $177 Million | 1-September |
| One Boerum Place | Brooklyn | Construction | 138 | QuadReal Property Group, Global Holdings Management Group | JLL arranged the financing. | Avery Hall Investments | $176 Millio | 14-September |
| Summit at Sausalito | Sausalito, Calif. | Bonds | 198 | California Community Housing Agency | – | Catalyst Housing Group | $147 Million | 14-September |
| Bellevue at Avondale | Decatur, Ga. | Refinance | 270 | Square Mile Capital Management | – | Nicholas Residential | $144 Million | 23-August |
To have your transaction featured, submit details to Jeff Hamann at jeffrey.hamann@cpe-mhn.com.
