Transactions: October 2022

2 min read

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

160 Riverside Blvd. Image courtesy of CBRE

SALES

PropertyLocationNo. of UnitsBuyerSellerNotes / Rep.ValueDate Announced
Altis Miramar and Altra MiramarMiramar, Fla.650AvalonBay CommunitiesRockpoint Group, Altman Cos. –$295 Million1-Aug
Santa Rosalia/Santo TomasLos Angeles669Avanath Capital Management, Los Angeles Housing Authority, Kaiser PermanenteUpside InvestmentsNorthmarq arranged the sale.$220 Million12-Aug
Metro Thirty Six TenRiverside, Calif.304Silver Star Real EstateLivCor –$204 Million15-Aug
EleanorMilpitas, Calif.333MG Properties GroupSummerHill Apartment Communities, The Resmark Cos., Kennedy WilsonInstitutional Property Advisors represented the sellers.$193 Million28-Jul
Miro BrickellMiami372Harbor Group InternationalClarion Partners –$185 Million26-Jul
Heritage at MerrimackManchester, N.H.640Priderock Capital PartnersDSF Group –$165 Million9-Aug

FINANCING

PropertyLocationType of FinancingNo. of UnitsLenderArranged ByBorrowerAmountDate Announced
160 Riverside Blvd.New York, N.Y.Acquisition455Square Mile Capital Management –A&E Real Estate Holdings$286 Million4-Aug
The Platform UrbanSan Jose, Calif.Acquisition551TPG CapitalEastdil SecuredMG Properties Group, Oaktree Capital Management$245 Million28-Jul
Avalon GreenElmsford, N.Y.Acquisition617Signature Bank –Harbor Group International, Azure Partners$210 Million5-Aug
Avalon Bloomfield StationBloomfield, N.J.Acquisition224Bank of America –DRA  Advisors$188 Million22-Jul
The Q PlayaLos AngelesAcquisition376Morgan Stanley –Deels Properties$173 Million22-Jul
Rachel GardensPine Brook, N.J.Refinance764Freddie MacNewPoint Real Estate CapitalCammeby’s International$149 Million11-Aug

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

Read the October 2022 issue of MHN.

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