December 2022 – Multifamily Real Estate News

Presidential City. Image courtesy of JLL Capital Markets

FOR SALE

Property Location No. of Units Buyer Selling Notes / Rep. Value Date Announced
Presidential City Philadelphia 1023 KKR, Mack Real Estate Group Post Brothers Apartments JLL Capital Markets represented the seller. $342 Million 13-Oct
The Garden at Del Mar Station Pasadena, Calif. 347 Fairfield Residential AvalonBay Communities $172 Million 27-Sep
Alta Roosevelt Chicago 496 Waterton Wood Partners JLL Capital Markets arranged the deal. $170 Million 19-Oct
The Falls at Willow Creek Folsom, Calif. 426 Prime Group Gerson Bakar & Associates $149 Million 3-Oct
The Avens at Dedham Station Dedham, Mass. 285 Rockwood Capital AvalonBay Communities $142 Million 21-Sep
Preserve at Rolling Oaks by Cortland Austin, Texas 494 Austin Affordable Housing Corp. Cortland $138 Million 29-Sep

FINANCING

Property Location Type of Financing No. of Units Lower back Arranged City Borrower Amount Date Announced
Lazo Chandler, Ariz. Refinance 346 Deutsche Bank Sunroad Enterprises $189 Million 12-Oct
Newport North Newport Beach, Calif. Refinance 570 Fannie Mae Prudential Financial Irvine Co. $182 Million 30-Sep
Astra Tower Salt Lake City, Utah Construction 380 Mack Real Estate Group Kensington Investment Co. $176 Million 21-Sep
Alta at K Station Chicago Refinance 848 Freddie Mac CBRE Capital Markets Morguard North American Residential $176 Million 4-Oct
Metro Park Hialeah, Fla. Construction 560 Post Road Group MG Developer $148 Million 23-Sep
Church Creek Pittsburgh, Calif. Refinance 542 Fannie Mae Walker & Dunlop Kennedy Wilson $121 Million 22-Sep

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

Read the December 2022 issue of MHN.

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