Transactions: November 2020

A short list of recent major investment sales and financings from coast to coast.
City Club Apartments. Image courtesy of Asia Capital Real Estate



Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
Pembrooke on the Green Aurora, Colo. 959 Bridge Investment Group Oak Coast Properties Newmark Knight Frank represented the seller. $163 Million 14-Sept.
Modera First Hill Seattle 288 Global Asset Capital Mill Creek Residential Trust $125 Million 10-Sept.
Broadstone Lowry Denver 300 The Connor Group Alliance Residential Co. Associated Bank provided acquisition financing. $105 Million 8-Sept.
Arcadia Cove Phoenix 432 Priderock Capital Partners Investcorp KeyBank provided acquisition financing through Freddie Mac. $98.5 Million 16-Sept.
Liv North Valley Phoenix 385 Praedium Group Liv Communities $90 Million 1-Sept.
One Hampton Lake Bluffton, S.C. 300 PASSCO Real Estate Southeastern Development Associates KeyBank provided acquisition financing through Fannie Mae. $78 Million 10-Sept.


Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
One East River Place Manhattan Refinance 415 Freddie Mac/Walker & Dunlop Solow Residential $186.5 Million 17-Sept.
265 E. 66th St. Manhattan Refinance 333 Freddie Mac/Walker & Dunlop Solow Residential $148 Million 11-Sept.
Port Royale Fort Lauderale, Fla. Acquisition 553 Fannie Mae/CBRE Cardone Capital $79.2 Million 10-Sept.
Channelside District Residential Tower Tampa, Fla. Construction 324 Cadence Bank Daniel Corp. $68.9 Million 8-Sept.
City Club Apartments – CBD Cincinnati Cincinnati Refinance 294 Asia Capital Real Estate Draper & Kramer City Club Apartments $68.5 Million 11-Sept.
Avana SoCo Austin, Texas Acquisition 528 Freddie Mac/Newmark Knight Frank Greystar $62.1 Million 1-Sept.

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Read the November 2020 issue of MHN.