Transactions: September 2021

A short list of recent major investment sales and financings from coast to coast.
Main Street Flats. Image courtesy of Hines

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SALES

Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
Palomino Park Resort Highlands Ranch, Colo. 1,184 Crow Holdings Nuveen Real Estate JLL closed the sale and secured financing. $435 Million 16-June
NEMA Boston Boston 414 KKR Crescent Heights Capital One provided financing. $332 Million 9-July
North Point Portfolio Cambridge, Mass. 529 LivCor AvalonBay Communities Morgan Stanley provided financing. $325 Million 25-June
Main Street Flats Bellevue, Wash. 425 Hines, Oaktree Capital Management Alamo Manhattan $233 Million 9-July
City Center on 7th Pembroke Pines, Fla. 700 AIR Communities Harbor Group International $223 Million 16-June
The Lex at Lowry Denver 712 CIM Group TruAmerica Multifamily $202 Million 30-June

FINANCING

Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Spring Creek Towers Brooklyn Refinancing 5.881 Fannie Mae Wells Fargo originated the loan. Rockpoint Group, The Brooksville Co., Settlement Housing Fund $568 Million 13-Jul.
Redmond Hill, Vesta Redmond, Wash. Refinancing 882 PNC Bank Essex Property Trust, State of Wisconsin Investment Board $276 Million 1-Jul.
Maple Terrace Redevelopment Dallas Construction 345 Sumitomo Mitsui Bank Hines Interests $181 Million 21-Jun.
Lansbrook Village Palm Harbor, Fla. Acquisition 629 Freddie Mac JLL originated the loan. Osso Capital $137 Million 12-Jul.
One Old Town Park Chicago Refinancing 405 Fannie Mae Wells Fargo originated the loan. Onni Real Estate $135 Million 7-Jul.
Jackson Seattle Refinancing 532 Northwestern Mutual Vulcan Real Estate $128 Million 17-Jun.

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

Read the September 2021 issue of MHN.