Transactions: June 2022
May 31, 2022
A short list of recent major investment sales and financings from coast to coast.
140 Riverside Blvd. Image courtesy of CBRE
SALES
| Property | Location | No. of Units | Buyer | Seller | Notes/Rep. | Value | Date Announced |
| 140 Riverside Blvd. | New York, N.Y. | 354 | A&E Real Estate Holdings | Equity Residential | CBRE brokered the transaction. | $266 Million | 9-April |
| The Sophia at Abacoa | Jupiter, Fla. | 390 | Berkshire Residential Investments | Heitman | – | $203 Million | 6-April |
| The Vitagraph | Brooklyn, N.Y. | 302 | The Dermot Co., Principal Real Estate Investors and PGGM | Hampshire Properties | JLL Capital Markets represented the seller. | $180 Million | 6-April |
| Lake Castleton | Indianapolis | 1,261 | Pepper Pike Capital Partners | Sterling Group | Voya Financial financed the sale. | $171 Million | 1-April |
| AMLI Art District | Denver | 337 | AMLI Residential | Cypress Real Estate Advisors | – | $155 Million | 31-March |
| Jefferson Lake Howell | Casselberry, Fla. | 384 | LaSalle Investment Management | Jefferson Apartment Group | – | $154 Million | 31-March |
FINANCING
| Property | Location | Type of Financing | No. of Units | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| ParkLine Miami | Miami | Acquisition | 816 | Aegon | – | Harbor Group International, Cammeby’s International Group, AB Asset Management and Image Capital | $305 Million | 31-March |
| Skye Reserve | Brandon, Fla. | Acquisition | 982 | MF1 | Berkadia | ZMR Capital | $207 Million | 4-April |
| Linea | Los Angeles | Refinance | 595 | Landesbank Baden-Wurttemberg | – | Carmel Partners, Pacific Coast Capital Partners | $198 Million | 29-March |
| NEMA Miami | Miami | Refinance | 580 | Blackstone Group | – | Crescent Heights | $179 Million | 30-March |
| Gas Company Lofts | Los Angeles | Refinance | 251 | PNC Bank | – | Essex Property Trust, State of Wisconsin Investment Board | $160 Million | 31-March |
| Glenn Gardens | New York, N.Y. | Refinance | 266 | KKR | – | A&E Real Estate Holdings | $138 Million | 8-April |
To have your transaction featured, submit details to Agota Felhazi at [email protected].
