Transactions: January 2023

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

THEA at Metropolis. Image courtesy of JLL Capital Markets

SALES

PropertyLocationNo. of UnitsBuyerSellerNotes / Rep.ValueDate Announced
THEA at MetropolisLos Angeles685NorthlandGreenland GroupJLL brokered the sale.$504 Million8-Nov
Abberly Skye and Abberly OnyxDecatur, Ga.655HHHuntNorthwood RavinJLL represented the buyer.$258 Million27-Oct
Sol y LunaTucson, Ariz.342Vesper HoldingsNelson PartnersColliers arranged the deal.$198 Million25-Oct
CenterraSan Jose, Calif.3473D InvestmentsAFL-CIO Building Investment TrustNewmark facilitated the transaction.$185 Million26-Oct
The District at Flagler VillageFort Lauderdale, Fla.350AIR CommunitiesMill Creek Residential Trust –$173 Million4-Nov
RadiusOrlando, Fla.389G. W. WilliamsBanner Real Estate Group –$155 Million27-Oct

FINANCING

PropertyLocationType of FinancingNo. of UnitsLenderArranged ByBorrowerAmountDate Announced
Bavaria TownhomesHoustonRefinance457Metropolitan Life Insurance Co. –Camillo Properties$175 Million10-Nov
Sterling ParkBrighton, Colo.Refinance128Fannie Mae –Corebridge Real Estate Investors$156 Million25-Oct
120 Fifth Ave.Brooklyn, N.Y.Construction180Sumitomo Mitsui Bank –Senlac Ridge Partners, Macklowe Properties$143 Million1-Nov
The DouglassWashington, D.C.Construction750Citizens Financial Group –Redbrick Development$143 Million28-Oct
Society AtlantaAtlantaConstruction460AIG –Property Markets Group, Integral Group $135 Million26-Oct
The AxelBrooklyn, N.Y.Construction284Berkshire Group –Hope Street Capital$126 Million16-Nov

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

Read the January 2023 issue of MHN.

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