Transactions: December 2020

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

The Angela. Image courtesy of CBRE

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SALES

Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
Essex on the Park Chicago 479 ICONIQ Capital Oxford Capital Group/Quadrum Global JLL represented the seller. $190 Million 8-Oct.
ArtWalk at CityCenter Englewood, Colo. 438 Oak Coast Properties CBRE Global Investors JLL represented the seller and secured Freddie Mac financing. $123.5 Million 20-Oct.
Onnix Tempe, Ariz. 659 Western Wealth Capital Bridge Investment Group Institutional Property Advisors represented the seller. $117.5 Million 13-Oct.
The Angela Phoenix 253 Cortland StreetLights Residential/Nexpoint Advisors CBRE represented the seller. $117 Million 9-Oct.
Kimball Towers at Burlington Burlington, Mass. 256 DSF Group LivCor CBRE provided acquisition financing through Fannie Mae. $90.5 Million 1-Oct.
MidTown on Main Mesa, Ariz. 472 Tides Equities Investcorp/BH Cos. CBRE provided Freddie Mac acquisition financing. $86.5 Million 13-Oct.

FINANCING

Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Summit Manhattan Refinance 429 Freddie Mac/Greystone Servicing Corp. BLDG Management $289 Million 9-Oct.
200 Water St. Manhattan Refinance 575 Equitable Holdings Rockrose Development $136.3 Million 15-Oct.
4 West Las Olas Fort Lauderdale, Fla. Refinance 260 Benefit Street Partners/Electra Capital Cushman & Wakefield Elevate Partners $92 Million 1-Oct.
4126 12th Ave. NE Seattle Construction 250 Pacific Western Bank JLL Greystar $86.2 Million 1-Oct.
The Landings at Beckett Ridge & Sterling Lakes West Chester & Mason, Ohio Refinance 340 Thrivent Financial Hills Properties $75 Million 1-Oct.
Linden Audubon Park Orlando, Fla. Refinance 449 Berkadia/Freddie Mac Harbor Group International $74 Million 13-Oct.

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Read the December 2020 issue of MHN.