Transactions: April 2023
A short list of recent major investment sales and financings from coast to coast.
The Wynwood Plaza. Image courtesy of Gensler
SALES
| Property | Location | No. of Units | Buyer | Seller | Notes / Rep. | Value | Date Announced |
| Westlake Village | Daly City, Calif. | 2,983 | Carmel Partners | Gerson Bakar & Associates | – | $675 Million | 30-Jan. |
| Ellington Midtown | Atlanta | 473 | LivCor | RPM | – | $133 Million | 13-Feb. |
| The Pearl Founders Square | Naples, Fla. | 400 | Beitel Group | Davis Development | – | $125 Million | 2-Feb. |
| Abberly Riverwalk | Nashville, Tenn. | 304 | HHHunt | Wood Partners | – | $106 Million | 14-Feb. |
| Marina Shores | Virginia Beach, Va. | 392 | FPA Multifamily | C-III Capital Partners | – | $102 Million | 20-Feb. |
| Brixley | Bradenton, Fla. | 240 | Abacus Capital Group | AG Spanos Cos. | – | $100 Million | 26-Jan. |
FINANCING
| Property | Location | Type of Financing | No. of Units | Lender | Arranged By | Borrower | Amount | Date Announced |
| Sherman Creek North Cove | New York, N.Y. | Construction | 611 | Wells Fargo Bank | – | Maddd Equities, Joy Construction Corp. | $288 Million | 14-Feb. |
| The Wynwood Plaza | Miami | Construction | 509 | Bank OZK | Berkadia, Newmark | L&L Holding Co., Oak Row Equities, Shorenstein Properties, Claure Group | $215 Million | 23-Jan. |
| Clubview | South San Francisco, Calif. | Acquisition | 102 | The Northern Trust Co. | – | Spieker Cos. | $110 Million | 24-Jan. |
| Fore RiverPark | Oxnard, Calif. | Construction | 333 | PNC Bank | – | Fore Property Co. | $76 Million | 3-Feb. |
| Cortland Bayside | Clearwater, Fla. | Refinancing | 360 | Freddie Mac | Walker & Dunlop | Cortland | $75 Million | 2-Feb. |
| Weston Lakeside | Cary, N.C. | Refinancing | 332 | Prudential Financial | – | Stoltz Real Estate Partners | $73 Million | 31-Jan. |
To have your transaction featured, submit details to Agota Felhazi at agota.felhazi@yardi.com.
