Transactions: September 2020
September 2, 2020
A short list of recent major investment sales and financings from coast to coast.
The Bartlett. Image via Google Street View
SALES
| Property | Location | No. of Units | Buyer | Seller | Notes/Rep. | Value | Date Announced |
| Kiara | Seattle | 460 | Oxford Properties Group | Holland Partner Group | PGIM Real Estate provided acquisition financing. | $319.5 Million | 15-Jul |
| One South Market | San Jose, Calif. | 312 | Yi Wang | Essex Property Trust | – | $175 Million | 29-Jun |
| Residences at The Triangle | Austin, Texas | 529 | Castel Lanterra Properties | The Dinerstein Cos. | JLL Capital Markets represented the seller in the transaction. | $129 Million | 10-Jul |
| Avana Thornton Station | Thornton, Colo. | 480 | Greystar Real Estate Partners | Eaton Vance Management | – | $119 Million | 10-Jun |
| The Townes at Holly Station | Waldorf, Md. | 510 | Charger Ventures | SouthStar Management | – | $115 Million | 28-May |
| Skyline Terrace | Burlingame, Calif. | 138 | Pacific Urban Residential | Equity Residential | Institutional Property Advisors represented the seller in the transaction. | $108 Million | 1-May |
FINANCING
| Property | Location | Type of Financing | No. of Units | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| Flatbush Gardens | Brooklyn, N.Y. | Refinancing | 2,496 | New York Community Bank | – | Clipper Equity | $329 Million | 13-May |
| 77-87 Commercial St. | Brooklyn, N.Y. | Construction | 720 | Bank of China | Troutman Sanders, Milbank and Sukenik Segal | Clipper Equity | $286 Million | 25-Jun |
| The Bartlett | Arlington, Va. | Refinancing | 699 | Freddie Mac | – | JBG Smith Properties | $217.5 Million | 23-Jul |
| The Paseos at Ontario | Ontario, Calif. | Refinancing | 800 | Deutsche Bank | – | GH Palmer Associates | $200 Million | 27-May |
| Summer House | Alameda, Calif. | Refinancing | 615 | Freddie Mac | – | LivCor | $168 Million | 2-Jun |
| Malibu Canyon | Calabasas, Calif. | Refinancing | 699 | Fannie Mae/KeyBank | – | Aimco | $159 Million | 2-Jun |
To have your transaction featured, submit details to Jeffrey.Hamann@cpe-mhn.com.
