Transactions: August 2022

July 27, 2022

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	1-Jun