Transactions: September 2022

August 30, 2022

Soleste Grand Central. Image courtesy of Avanti Residential

Property	Location	No. of Units	Buyer	Seller	Notes / Rep.	Value	Date Announced
160 Riverside Blvd.	New York, N.Y.	455	A&E Real Estate Holdings	Equity Residential	CBRE arranged the sale.	$415 Million	19-Jul
Uplund at Totem Lake	Kirkland, Wash.	409	GID	American Capital Group, Artemis Real Estate	CBRE represented the sellers.	$242 Million	8-Jul
The Overlook at Lakemont	Bellevue, Wash.	400	Acacia Capital Corp.	Security Properties	Berkadia Institutional Solutions worked on behalf of both parties.	$204 Million	30-Jun
Soleste Grand Central	Miami	360	Avanti Residential	The Estate Cos.	Walker & Dunlop arranged the transaction.	$181 Million	5-Jul
Hilands	Tucson, Ariz.	826	Bridge Investment Group	Northland Investment Corp.	Institutional Property Advisors brokered the sale.	$178 Million	5-Jul
Willard Towers	Chevy Chase, Md.	525	AIR Communities	Dweck Properties	–	$176 Million	28-Jun

Property	Location	Type of Financing	No. of Units	Lender	Arranged By	Borrower	Amount	Date Announced
Multi-state Portfolio	National	Refinance	3,001	Wells Fargo Bank	–	LivCor	$832 Million	23-Jun
Miro	San Jose, Calif.	Construction	627	Pacific Life Insurance Co.	–	Bayview Development Group	$345 Million	12-Jul
The Delmar	Tampa, Fla.	Acquisition	689	ACORE Capital	–	Lurin Capital	$180 Million	22-Jun
The Ellis	Charlotte, N.C.	Refinance	549	Metropolitan Life Insurance Co.	–	Lennar Multifamily Communities	$160 Million	5-Jul
Miami World Tower	Miami	Construction	565	Bank of New York Mellon	–	Lalezarian Properties	$150 Million	27-Jun
Skywater at Town Lake	Tempe, Ariz.	Acquisition	328	Mesa West Capital	CBRE	KB Investment Development	$108 Million	1-Jul