Transactions: February 2022
January 26, 2022
A short list of recent major investment sales and financings from coast to coast.
Westgate. Image courtesy of Waterford Property Co.
SALES
| Property | Location | No. of Units | Buyer | Seller | Notes/Rep. | Value | Date Announced |
| San Michele | Weston, Fla. | 585 | Cardone Capital | Star Real Estate Ventures | Berkadia arranged the sale and financing | $207 Million | 17-December |
| Valentia by Windsor | La Habra, Calif. | 335 | GID | Fairfield Residential | Voit Real Estate Services arranged the sale | $183 Million | 6-December |
| 7575 Town Center | Denver | 398 | Starwood Capital Group | Brookfield Properties | – | $178 Million | 8-December |
| AmpliFi | Fullerton, Calif. | 290 | Nuveen Real Estate | Red Oak Investments, Intracorp Cos. | – | $168 Million | 1-December |
| Cortland South Kendall | Miami | 408 | Cortland | Ram Real Estate | – | $160 Million | 10-December |
| Tam Ridge Residences | Corte Madera, Calif. | 180 | Bell Partners | MacFarlane Partners | – | $156 Million | 2-December |
FINANCING
| Property | Location | Type of Financing | No. of Units | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| Westgate | Pasadena, Calif. | Refinancing | 480 | Wilmington Trust | – | Waterford Property Co., California Statewide Communities Development Authority | $352 Million | 8-December |
| Redbank Village | South Portland, Maine | Acquisition | 500 | Fannie Mae | Berkadia | JRK Property Holdings | $110 Million | 1-December |
| 26 Van Reipen Ave. | Jersey City, N.J. | Construction | 220 | SCALE Lending | Greystone | Namdar Group | $96 Million | 3-December |
| Columbia Crossing | Arlington, Va. | Acquisition | 247 | CIM Group | – | Carr Cos. | $90 Million | 17-December |
| Rochelle Plaza | Irving, Texas | Acquisition | 120 | TD Bank | – | The Pauls Corp. | $90 Million | 3-December |
| Outlook Clear Creek | Wheat Ridge, Colo. | Acquisition | 310 | Metropolitan Life Insurance Co. | – | Seagate Properties | $84 Million | 7-December |
To have your transaction featured, submit details to Agota Felhazi at [email protected].
