Transactions: December 2021
November 30, 2021
A short list of recent major investment sales and financings from coast to coast.
The Bristol at Southport. Image courtesy of Kennedy Wilson
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 jeffrey.hamann@cpe-mhn.com.Â
