Transactions: July 2022
June 30, 2022
A short list of recent major investment sales and financings from coast to coast.
580 Anton. Image courtesy of Legacy Partners
SALES
| Property | Location | No. of Units | Buyer | Seller | Notes/Rep. | Value | Date Announced |
| 1221 Ocean Ave | Santa Monica, Calif. | 120 | Douglas Emmett & Co. | Irvine Co. | Wells Fargo Bank financed the purchase. | $330 Million | 27-April |
| The Lyric | New York, N.Y. | 285 | Eugene Asset Management | Related Cos. | – | $266 Million | 27-April |
| The Moderne | Scottsdale, Ariz. | 369 | JB Partners, AMC | JLB Partners | Institutional Property Advisors arranged the deal. | $260 Million | 12-May |
| Nine15 | Tampa, Fla. | 362 | Goldman Sachs & Co. | Blaze Partners | – | $184 Million | 9-May |
| 580 Anton | Costa Mesa, Calif. | 250 | Rockwood Capital | Legacy Partners | PNC Bank originated the acquisition financing. | $172 Million | 13-May |
| IMT Buckhead on 26th | Atlanta | 453 | IMT Capital | Mesirow Financial | – | $161 Million | 19-April |
FINANCING
| Property | Location | Type of Financing | No. of Units | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| Five-property portfolio | National | Refinance | 2,339 | Prudential Financial | – | Ashcroft Capital | $427 Million | 5-May |
| Vive Luxe | San Diego, Calif. | Construction | 440 | Aegon | JLL | Sunroad Enterprises | $203 Million | 29-April |
| Shorewood | Mercer Island, Wash. | Refinance | 645 | Fannie Mae | Walker & Dunlop | Greystar, Ivanhoe Cambridge | $156 Million | 17-May |
| Tides at Royal Lane North & South | Dallas | Acquisition | 457 | Mack Real Estate Group | – | Tides Equities | $152 Million | 29-April |
| Adeline | Phoenix | Refinance | 379 | CIM Group | – | Hines Interests, Crown Realty & Development | $147 Million | 29-April |
| 575 Rosemary | West Palm Beach, Fla. | Construction | 364 | Wells Fargo Bank | – | Related Cos. | $140 Million | 2-May |
To have your transaction featured, submit details to Agota Felhazi at [email protected].
