Transactions: May 2022

1 min read

A short list of recent major investment sales and financings from coast to coast.

American Copper Buildings. Image courtesy of SEFAR Architecture

SALES

Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
American Copper Buildings New York, N.Y. 761 Black Spruce JDS Development Group, Baupost Group Cushman & Wakefield faciliated the sale. $837 Million 14-March
Del Mar Terrace Phoenix 1,012 Tides Equities, CIM Group Heers Management NorthMarq brokered the transaction. $255 Million 28-February
Motif Fort Lauderdale, Fla. 385 Thomas Tomanek & Associates Bluerock Real Estate, ArchCo Residential $195 Million 24-March
Cunningham Heights Queens Village, N.Y. 1,056 A&E Real Estate Holdings The Benjamin Cos. Charatan Realty represented both parties. $130 Million 1-March
Centreport Lake Fort Worth, Texas 452 Marlin Spring JRK Property Holdings $125 Million 8-March
Santos Flats Tampa, Fla. 296 Cortland LIV Development $120 Million 24-March

FINANCING

Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Broadstone Stockyard Nashville, Tenn. Refinance 342 Wells Fargo Bank LivCor $705 Million 15-March
47-05 Center Blvd. Long Island City, N.Y. Refinance 395 Metropolitan Life Insurance Co. Rockrose Development $210 Million 3-March
The Paxton Brooklyn, N.Y. Refinance 327 H.I.G. Capital Jenel Real Estate $192 Million 21-March
Heron Tampa, Fla. Refinance 420 Metropolitan Life Insurance Co. Strategic Property Partners $180 Million 9-March
Renaissance Plaza Square New Brunswick, N.J. Refinance 415 Freddie Mac CBRE Capital Markets Renaissance Management Group $135 Million 9-March
The Preserve at Woodfield Rolling Meadows, Ill. Refinance 662 Arbor Realty Trust Beitel Group $102 Million 1-March

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

Read the May 2022 issue of MHN.

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