Transactions: September 2021
September 1, 2021
A short list of recent major investment sales and financings from coast to coast.
Main Street Flats. Image courtesy of Hines
SALES
| Property | Location | No. of Units | Buyer | Seller | Notes/Rep. | Value | Date Announced |
| Palomino Park Resort | Highlands Ranch, Colo. | 1,184 | Crow Holdings | Nuveen Real Estate | JLL closed the sale and secured financing. | $435 Million | 16-June |
| NEMA Boston | Boston | 414 | KKR | Crescent Heights | Capital One provided financing. | $332 Million | 9-July |
| North Point Portfolio | Cambridge, Mass. | 529 | LivCor | AvalonBay Communities | Morgan Stanley provided financing. | $325 Million | 25-June |
| Main Street Flats | Bellevue, Wash. | 425 | Hines, Oaktree Capital Management | Alamo Manhattan | – | $233 Million | 9-July |
| City Center on 7th | Pembroke Pines, Fla. | 700 | AIR Communities | Harbor Group International | – | $223 Million | 16-June |
| The Lex at Lowry | Denver | 712 | CIM Group | TruAmerica Multifamily | – | $202 Million | 30-June |
FINANCING
| Property | Location | Type of Financing | No. of Units | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| Spring Creek Towers | Brooklyn | Refinancing | 5.881 | Fannie Mae | Wells Fargo originated the loan. | Rockpoint Group, The Brooksville Co., Settlement Housing Fund | $568 Million | 13-Jul. |
| Redmond Hill, Vesta | Redmond, Wash. | Refinancing | 882 | PNC Bank | – | Essex Property Trust, State of Wisconsin Investment Board | $276 Million | 1-Jul. |
| Maple Terrace Redevelopment | Dallas | Construction | 345 | Sumitomo Mitsui Bank | – | Hines Interests | $181 Million | 21-Jun. |
| Lansbrook Village | Palm Harbor, Fla. | Acquisition | 629 | Freddie Mac | JLL originated the loan. | Osso Capital | $137 Million | 12-Jul. |
| One Old Town Park | Chicago | Refinancing | 405 | Fannie Mae | Wells Fargo originated the loan. | Onni Real Estate | $135 Million | 7-Jul. |
| Jackson | Seattle | Refinancing | 532 | Northwestern Mutual | – | Vulcan Real Estate | $128 Million | 17-Jun. |
To have your transaction featured, submit details to Jeffrey Hamann at [email protected].
