Transactions: October 2021

A short list of recent major investment sales and financings from coast to coast.
The Pullman. Image courtesy of Lincoln Property Co.
The Pullman. Image courtesy of Lincoln Property Co.

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SALES

Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
Cortland Uptown Boca Boca Raton, Fla. 456 Cortland Rosemurgy Properties, Giles Capital, Schmier Property Group, Wheelock Street Capital Cushman & Wakefield brokered the sale. $230 Million 13-August
The Pullman Denver 168 Lincoln Property Co., Cadillac Fairview Greystar JLL Capital Markets represented Greystar. $174 Million 26-July
The Gallery, Playa Pacifica Hermosa Beach, Calif. 454 Prime Group Equity Residential Institutional Property Advisors represented the seller. $275 Million 10-August
Anchor Riverwalk Tampa, Fla. 394 TA Realty The Connor Group $157 Million 18-August
Doral West Doral, Fla. 388 RREEF Property Trust Fairfield Residential $146 Million 11-August
IMT Mission Valley San Diego 344 IMT Capital Sares-Regis Group $145 Million 16-July

FINANCING

Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Southern California Portfolio Orange County and Inland Empire, Calif. Refinancing 1,255 Freddie Mac NorthMarq Capital originated the loan. Advanced Real Estate Services $263 Million 30-July
River Place Manhattan Refinancing 921 U.S. Bank Greystone originated the loan. Silverstein Properties $235 Million 11-August
33 Commercial St. Brooklyn Construction 374 New York City Housing Development Corp. Park Tower Group $135 Million 19-July
Exhibit on Superior Chicago Refinancing 298 Mack Real Estate Group Magellan Development Group $114 Million 21-July
Reserve at Chino Hills Chino Hills, Calif. Refinancing 440 TIAA Decron Properties $108 Million 30-July
Patina at Midtown San Jose, Calif. Refinancing 269 Prudential Financial Republic Family of Cos., Barry Swenson Builder, Essex Property Trust $95 Million 5-August

To have your transaction featured, submit details to Jeff Hamann at jeffrey.hamann@cpe-mhn.com

Read the October 2021 issue of MHN.