Transactions: July 2022

1 min read

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].

Read the July 2022 issue of MHN.

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