Transactions: April 2022

March 30, 2022

Roadrunner on McDowell. Image courtesy of Institutional Property Advisors

Property	Location	No. of Units	Buyer	Seller	Notes/Rep.	Value	Date Announced
West Edge	Seattle	340	PGIM Real Estate	Urban Visions	–	$293 Million	22-February
The Bryant at Yorba Linda	Yorba Linda, Calif.	400	Interstate Equities Corp.	Resource Real Estate	Northmarq facilitated the sale.	$206 Million	27-January
Roadrunner on McDowell	Scottsdale, Ariz.	356	KB Investment Development	JLB Partners	Institutional Property Advisors brokered the deal.	$194 Million	15-February
Talisman	Redmond, Wash.	286	Hines Development	Lowe Enterprises	–	$172 Million	27-January
Volta on Pine	Long Beach, Calif.	271	Gelt	Holland Partners, North America Sekisui House	Walker & Dunlop arranged the disposition.	$156 Million	24-January
Morea	Pompano Beach, Fla.	327	The Benjamin Cos.	Fairfield Group	–	$146 Million	23-February

Property	Location	Type of Financing	No. of Units	Lender	Arranged by	Borrower / Notes	Amount	Date Announced
Three-property fully affordable portfolio	Brooklyn, N.Y.	Refinance	1,673	New York City Housing Development Corp.	–	The Hudson Cos., Duvernay & Brooks and Property Resources Corp.	$401 Million	25-January
Vela on OX	Woodland Hills, Calif.	Refinance	379	PNC Bank	–	Essex Property Trust	$222 Million	1-February
Alston Station Square	Ronkonkoma, N.Y.	Refinance	489	Freddie Mac	Greystone	TRITEC Real Estate	$203 Million	2-February
The Enclave	Paramount, Calif.	Bond	306	Wilmington Trust	–	BLDG Partners, California Municipal Finance Authority	$183 Million	3-February
Bellevue at the Bluffs	Dallas	Refinance	473	Square Mile Capital Management	–	Nicholas Residential, Prospect Ridge	$144 Million	21-January
The Gabriella	Dallas	Refinance	378	Barings	–	Greystar	$127 Million	27-January