Transactions: November 2021

By MHN

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

Ascend at Kierlan. Image courtesy of CBRE

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SALES

Property Location No. of Units Buyer Seller Notes/Rep. Value Date Announced
Ascend at Kierland, Elite North Scottsdale Scottsdale, Ariz. 724 The Ezralow Co. Bascom Group CBRE represented the seller. $313 Million 24-August
Bell Alpharetta Alpharetta, Ga. 800 Bell Partners RangeWater Real Estate JPMorgan Chase provided acquisition financing. $240 Million 10-September
One Boynton Boynton Beach, Fla. 494 LivCor RangeWater Real Estate $171 Million 2-September
Cortland West Nashville Nashville, Tenn. 435 Cortland Crescent Communities $155 Million 17 September
Nautilus Point Annapolis, Md. 611 Bainbridge Cos., TPG Real Estate Castle Lanterra Properties Transwestern represented the seller. $154 Million 2-September
Camden Central St. Petersburg, Fla. 368 Camden Property Trust Related Group $150 Million 25-August

FINANCING

Property Location Type of Financing No. of Units Lender Arranged by Borrower / Notes Amount Date Announced
Truffles Manhattan Refinance 291 Blackstone Group Newmark arranged the financing. Related Cos. $258 Million 25-August
Block 55 at Sawyer’s Walk Miami Bonds, Construction 578 Housing Finance Authority of Miami-Dade County, City of Miami Swerdlow Group $208 Million 25-August
One Uptown Newport Newport Beach, Calif. 458 Comerica Bank The Picerne Group, The Shopoff Group $177 Million 1-September
One Boerum Place Brooklyn Construction 138 QuadReal Property Group, Global Holdings Management Group JLL arranged the financing. Avery Hall Investments $176 Millio 14-September
Summit at Sausalito Sausalito, Calif. Bonds 198 California Community Housing Agency Catalyst Housing Group $147 Million 14-September
Bellevue at Avondale Decatur, Ga. Refinance 270 Square Mile Capital Management Nicholas Residential $144 Million 23-August

To have your transaction featured, submit details to Jeff Hamann at [email protected]

Read the November 2021 issue of MHN.

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