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

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SALES

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.

FINANCING

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.

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

Read the November 2020 issue of MHN.