Transactions: October 2020

A short list of recent major investment sales and financings from coast to coast.
Yard 8. Image via Google Street View
Yard 8. Image via Google Street View

READ THE DIGEST

SALES

Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
Willard Towers Chevy Chase, Md. 525 Dweck Properties Equity Residential $276.5 Million 1-Jul
5252 Chicago 246 Hills Properties Antheus Capital $132 Million 14-Jul
Norman Towers East Orange, N.J. 405 WNC & Associates Steven Cicchino $94 Million 29-Jul
Avana Coronado Chandler, Ariz. 321 Greystar InvestRes $79 Million 28-Aug
Cortland Delray Station Delray Beach, Fla. 286 Cortland Wood Partners Walker & Dunlop provided acquisition financing. $73.9 Million 30-Jul
The Manor at Weston Cary, N.C. 302 Eaton Vance Investment Managers CWS Capital Partners $69.3 Million 24-Jul

FINANCING

Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Americana Mountain View, Calif. Refinance 544 Fannie Mae/PGIM Real Estate Tan Group $196.3 Million 1-Jul
Waterfront Residential Complex Astoria, N.Y. Construction 500 Square Mile Capital Management Cape Advisors $180 Million 17-Aug
Three Old Town Park Chicago Construction 456 Wells Fargo Onni Real Estate $155 Million 21-Jul
True North Philadelphia Construction 410 Bank OZK Alterra Property Group $107 Million 3-Jul
Artisan at Main Street Metro Corona, Calif. Refinance 404 Freddie Mac/Berkadia Weidner Investment Services $94.2 Million 29-Jul
Yard 8 Miami Refinance 387 Asia Capital Real Estate Wood Partners $86.3 Million 20-Aug

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

Read the October 2020 issue of MHN.