Transactions: April 2021

April 5, 2021

Ventana Residences. Rendering courtesy of Presidio Bay Ventures

Property	Location	No. of Units	Buyer	Seller	Notes/Rep.	Value	Date Announced
Lands End	Manhattan	489	Related Cos.	L+M Development Partners, CIM Group	Cushman & Wakefield brokered the transaction.	$424 Million	12-Jan.
Crystal House	Arlington, Va.	825	Washington Housing Conservancy	Mack-Cali Realty	–	$376.6 Million	6-Jan.
Hyde Square	Bellevue, Wash.	618	DWS	Carmel Partners	Berkadia represented the buyer.	$279.1 Million	20-Jan.
Heritage at Deer Valley	Phoenix	832	Millburn & Co.	Priderock Capital Partners	CBRE represented the seller.	$178.5 Million	5-Feb.
Midtown 5	Miami	400	Sterling American Property	Magellan Development Group	–	$154.4 Million	5-Jan.
Ten01 on the Lake	Tempe, Ariz.	523	Oxford Properties Group	PGIM Real Estate	CBRE brokered the transaction.	$146 Million	27-Jan.

Property	Location	Type of Financing	No. of Units	Lender	Arranged by	Borrower / Notes	Amount	Date Announced
Union Square D2 Block	Somerville, Mass.	Construction	450	Bank OZK	–	Union Square Station Associates, Magellan Development, USAA Real Estate Co.	$120 Million	7-Jan.
Ventana Residences	San Francisco	Construction	193	AFL-CIO Housing Investment Trust	–	Presidio Bay Ventures	$120 Million	27-Jan.
The Rise Hollywood	Los Angeles	Construction	369	Square Mile Capital Management	–	Encore Capital Management, Cal-Coast Development	$110.4 Million	1-Feb.
Andante	Phoenix	Acquisition	576	Fannie Mae	CBRE Capital Markets	MG Properties Group	$99.5 Million	7-Jan.
Normandie Court	Manhattan	Refinance	1,477	JPMorgan Chase	–	Ogden Cap Properties	$125 Million	5-Jan.
Polyclinic	Manhattan	Refinance	151	HUD	Walker & Dunlop	NYC Housing Partnership, Housing on Merit	$93.9 Million	12-Jan.