Transactions: March 2023

SALES

Property	Location	No. of Units	Buyer	Seller	Notes / Rep.	Value	Date Announced
Southgate Towers	Miami Beach, Fla.	495	AIR Communities	Gumenick Properties	–	$289 Million	9-Jan.
Ascent Uptown	Charlotte, N.C.	300	Sterling American Property	Greystar	Northmarq arranged the deal.	$138 Million	3-Jan.
The Eddy	Boston	259	Tishman Speyer	The Green Cities Co.	–	$135 Million	10-Jan.
Stonebridge at Arlington Heights	Arlington Heights, Ill.	586	Bayshore Properties	The Connor Group	–	$131 Million	30-Dec.
Mulberry South	New York, N.Y.	96	Empire State Realty Trust	Broad Street Development	–	$115 Million	21-Dec.
Vida at Health Village	Orlando, Fla.	285	Conti Organization	Wood Partners	–	$107 Million	22-Dec.

FINANCING

Property	Location	Type of Financing	No. of Units	Lender	Arranged By	Borrower	Amount	Date Announced
Water Street	New York, N.Y.	Construction	1,263	Athene USA	–	GFP Real Estate, MetroLoft Management, Rockwood Capital	$415 Million	28-Dec.
444 Tower II	Miami, Fla.	Construction	506	Truist Bank	–	Related Group	$164 Million	3-Jan.
The District at 1515	Parsippany, N.J.	Construction	498	New York Life Insurance Co.	Cushman & Wakefield	Stanbery Development Group, Claremont Development, PCCP	$147 Million	17-Jan.
The District North Market	Montvale, N.J.	Refinancing	308	Nationwide	–	The S. Hekemian Group	$127 Million	22-Dec.
Ascent South End	Charlotte, N.C.	Construction	324	Wells Fargo Bank	–	Greystar	$105 Million	29-Dec.
Tree House	Jacksonville, Fla.	Refinancing	458	U.S. Bank	–	Foundation for Affordable Housing	$93 Million	12-Jan.

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

Read the March 2023 issue of MHN.