Transactions: October 2020
October 1, 2020
A short list of recent major investment sales and financings from coast to coast.
Yard 8. Image via Google Street View
SALES
| Property | Location | No. of Units | Buyer | Seller | Notes/Rep. | Value | Date Announced |
| Willard Towers | Chevy Chase, Md. | 525 | Dweck Properties | Equity Residential | – | $276.5 Million | 1-Jul |
| 5252 | Chicago | 246 | Hills Properties | Antheus Capital | – | $132 Million | 14-Jul |
| Norman Towers | East Orange, N.J. | 405 | WNC & Associates | Steven Cicchino | – | $94 Million | 29-Jul |
| Avana Coronado | Chandler, Ariz. | 321 | Greystar | InvestRes | – | $79 Million | 28-Aug |
| Cortland Delray Station | Delray Beach, Fla. | 286 | Cortland | Wood Partners | Walker & Dunlop provided acquisition financing. | $73.9 Million | 30-Jul |
| The Manor at Weston | Cary, N.C. | 302 | Eaton Vance Investment Managers | CWS Capital Partners | – | $69.3 Million | 24-Jul |
FINANCING
| Property | Location | Type of Financing | No. of Units | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| Americana | Mountain View, Calif. | Refinance | 544 | Fannie Mae/PGIM Real Estate | – | Tan Group | $196.3 Million | 1-Jul |
| Waterfront Residential Complex | Astoria, N.Y. | Construction | 500 | Square Mile Capital Management | – | Cape Advisors | $180 Million | 17-Aug |
| Three Old Town Park | Chicago | Construction | 456 | Wells Fargo | – | Onni Real Estate | $155 Million | 21-Jul |
| True North | Philadelphia | Construction | 410 | Bank OZK | – | Alterra Property Group | $107 Million | 3-Jul |
| Artisan at Main Street Metro | Corona, Calif. | Refinance | 404 | Freddie Mac/Berkadia | – | Weidner Investment Services | $94.2 Million | 29-Jul |
| Yard 8 | Miami | Refinance | 387 | Asia Capital Real Estate | – | Wood Partners | $86.3 Million | 20-Aug |
To have your transaction featured, submit details to [email protected].
