Transactions: December 2022

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

Presidential City. Image courtesy of JLL Capital Markets

SALES

PropertyLocationNo. of UnitsBuyerSellerNotes / Rep.ValueDate Announced
Presidential CityPhiladelphia1023KKR, Mack Real Estate GroupPost Brothers ApartmentsJLL Capital Markets represented the seller.$342 Million13-Oct
Haven at Del Mar StationPasadena, Calif.347Fairfield ResidentialAvalonBay Communities $172 Million27-Sep
Alta RooseveltChicago496WatertonWood PartnersJLL Capital Markets arranged the deal.$170 Million19-Oct
The Falls at Willow CreekFolsom, Calif.426Prime GroupGerson Bakar & Associates$149 Million3-Oct
The Avens at Dedham StationDedham, Mass.285Rockwood CapitalAvalonBay Communities$142 Million21-Sep
Preserve at Rolling Oaks by CortlandAustin, Texas494Austin Affordable Housing Corp.Cortland$138 Million29-Sep

FINANCING

PropertyLocationType of FinancingNo. of UnitsLenderArranged ByBorrowerAmountDate Announced
LazoChandler, Ariz.Refinance346Deutsche BankSunroad Enterprises$189 Million12-Oct
Newport NorthNewport Beach, Calif.Refinance570Fannie MaePrudential FinancialIrvine Co.$182 Million30-Sep
Astra TowerSalt Lake City, UtahConstruction380Mack Real Estate GroupKensington Investment Co.$176 Million21-Sep
Alta at K StationChicagoRefinance848Freddie MacCBRE Capital MarketsMorguard North American Residential$176 Million4-Oct
Metro ParcHialeah, Fla.Construction560Post Road GroupMG Developer$148 Million23-Sep
Kirker CreekPittsburg, Calif.Refinance542Fannie MaeWalker & DunlopKennedy Wilson$121 Million22-Sep

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

Read the December 2022 issue of MHN.

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