Transactions: June 2021
A short list of recent major investment sales and financings from coast to coast.
The Wyatt. Image courtesy of Mission Rock Residential
SALES
| Property | Location | No. of Units | Buyer | Seller | Notes/Rep. | Value | Date Announced |
| Alexan 20th Street Station | Denver | 354 | Blackstone Group | Trammell Crow Residential | – | $130 Million | 8-Apr. |
| Creekwood | Hayward, Calif. | 309 | Catalyst Housing Group, California Community Housing Agency | Bridge Investment Group | Wilmington Trust provided financing. | $128.7 Million | 31-Mar. |
| The Wyatt | Fort Collins, Colo. | 368 | Hamilton Zanze & Co. | Nevada West Development | Berkadia provided financing. | $110 Million | 30-Mar. |
| Lake Village North | Garland, Texas | 848 | S2 Residential | Madera Cos. | NorthMarq brokered the sale. | $104.8 Million | 2-Apr. |
| The Park at Hoover | Hoover, Ala. | 1,060 | Westside Capital Group | Crescent Real Estate | Berkadia represented the seller and provided financing. | $100.8 Million | 26-Mar. |
FINANCING
| Property | Location | Type of Financing | No. of Units | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| The Brooklyn @9669 | Dallas | Acquisition | 1,487 | Voya Financial | – | WindMass Capital | $120 Million | 25-Mar. |
| Oceanaire | Long Beach, Calif. | Bonds | 216 | California Statewide Communities Development Authority | Wilmington Trust is the trustee. | Lennar Multifamily Communities | $105.7 Million | 25-Mar. |
| The Dunbar | Manhattan | Refinancing | 536 | Berkshire Group | – | Fairstead | $86 Million | 9-Mar. |
| 101 Park Place | Stamford, Conn. | Acquisition | 336 | Freddie Mac | Greystone originated the loan. | AJH Management | $85.9 Million | 1-Mar. |
| The Whit | Indianapolis | Refinancing | 334 | CIM Group | – | TWG Development | $83 Million | 2-Mar. |
To have your transaction featured, submit details to Jeff Hamann at jeffrey.hamann@cpe-mhn.com.
