Transactions: August 2022

A short list of recent major investment sales and financings from coast to coast.

250 Gold. Image courtesy of Cignature Realty


Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
8 Spruce New York, N.Y. 894 Blackstone Group Brookfield Properties $930 Million 17-Jun
Terracina Ontario, Calif. 736 Waterton Bridge Investment Group $310 Million 26-May
Affordable Three-Property Portfolio Norwalk, Conn. 662 Beachwold Residential Invictus Real Estate Partners JLL Capital Markets secured supplemental acquisition financing. $294 Million 23-May
Novel Tampa, Fla. 390 CBRE Investment Management Crescent Communities, PGIM Real Estate $237 Million 24-May
250 Gold Brooklyn, N.Y. 286 KKR, Dalan Management Bruman Realty Cignature Realty arranged the deal. $225 Million 9-Jun
Watermarc at Biscayne Bay Miami 296 AIR Communities Mill Creek Residential Trust $211 Million 8-Jun


Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Yorkshire Towers, Lexington Towers New York, N.Y. Refinance 844 BMO Harris Bank The Chetrit Group, Stellar Management $540 Million 27-May
Franklin Park at Greenbelt Station Greenbelt, Md. Refinance 2,877 Fannie Mae Greystone Fieldstone Properties $490 Million 16-Jun
The Woods San Jose, Calif. Refinance 1,840 Freddie Mac Berkadia Arcadia Development $235 Million 6-Jun
Zone Glendale, Ariz. Refinance 308 Deutsche Bank Sunroad Enterprises $215 Million 8-Jun
The Quincy Austin, Texas Refinance 328 Metropolitan Life Insurance Co. KKR $160 Million 26-May
Elliston 23 Nashville, Tenn. Acquisition 331 Prime Finance Partners Sunroad Enterprises $141 Million


To have your transaction featured, submit details to Agota Felhazi at [email protected].

Read the August 2022 issue of MHN.

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