Transactions: December 2021

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

The Bristol at Southport. Image courtesy of Kennedy Wilson

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SALES

Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
Arista Flats Broomfield, Colo. 526 Millburn & Co. AMLI Residential JLL provided financing. $191 Million 4-October
The Bristol at Southport Renton, Wash. 383 Kennedy Wilson Seco Development Aegon provided financing. $191 Million 1-October
The Arbors at Maitland Summit Orlando, Fla. 663 UDR Redwood Capital Group $178 Million 5-October
Cordoba Doral, Fla. 454 Dermot Co. JPMorgan Asset Management CIBC Bank USA provided financing. $160 Million 29-September
The Cyprus Phoenix 548 Knightvest Capital Weidner Investment Services $155 Million 21-September
The Ascent at Spring Hill Station McLean, Va. 404 Brookfield Properties Greystar Helaba provided financing. $151 Million 1-October

FINANCING

Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Cameo Orange, Calif. Bonds 262 California Statewide Communities Development Authority Newmark arranged the financing. Waterford Property Co. $171 Million 21-September
The Palmer Dadeland Miami Acquisition 844 Wells Fargo Starwood Capital Group $260 Million 6-October
Tribeca Green Manhattan Refinancing 274 Goldman Sachs Related Cos. $104 Million 21-September
Manors at Knollwood Clinton Township, Mich. Acquisition 600 Freddie Mac Berkadia Commercial Mortgage originated the loan. The Solomon Organization $99 Million 28-September
Stonehenge 57 Manhattan Refinancing 260 Athene USA Stonehenge Partners, SL Green Realty $97 Million 21-September
Birchwood on Sterling Palatine, Ill. Acquisition 718 Voya Financial Albion Residential $94 Million 27-September

To have your transaction featured, submit details to Jeff Hamann at [email protected]

Read the December 2021 issue of MHN.

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