Transactions reported this week include the sale of 26-property industrial portfolio.
Stockbridge Capital Group acquired from Westcore Properties a portfolio of 26 institutional-quality logistics and e-commerce properties spanning nine U.S. markets, with a heavy focus on the high-growth West Coast. The sales price was not disclosed; however, it is estimated to be $570 million, reported media outlets.
| Buyer |
Seller |
Property name |
Location |
Size |
Price per size |
Price (m) |
| APARTMENT |
| MG Properties |
Western National Group |
Two-property portfolio |
Los Angeles, CA |
397 units |
$351,385.39 |
$139.50 |
| IMT Capital |
UBS Realty Investors |
The Vintage at Hyland Hills |
Westminster, CO |
472 units |
$254,449.15 |
$120.10 |
| Carroll Organization/PCCP |
Invesco Real Estate |
Goodwynn at Town Brookhaven |
Atlanta, GA |
372 units |
$266,666.67 |
$99.20 |
| Summit Management |
Commonwealth Group/C&A Cos. |
Elements at Prairie Center |
Brighton, CO |
288 units |
$250,000.00 |
$72.00 |
| JLL Income Property Trust |
Wood Partners |
Alta San Marcos |
Chandler, AZ |
273 units |
$262,820.51 |
$71.75 |
| Taurus Investment Holdings |
Preston-Giuliano Capital Partners |
Mezzo of Tampa Palms |
Tampa Palms, FL |
340 units |
$173,529.41 |
$59.00 |
| Bell Partners |
M-M Properties |
Overlook Pointe |
Pompano Beach, FL |
249 units |
$234,939.76 |
$58.50 |
| Clarion Partners |
AEW |
West Port Colony |
St. Petersburg, FL |
324 units |
$168,209.88 |
$54.50 |
| HOTEL |
| Not disclosed |
Ashford Hospitality Trust |
Two-property portfolio |
Multi-city |
284 rooms |
$133,098.59 |
$37.80 |
| Henley Investments |
Not disclosed |
Lord Balfour Hotel |
Miami Beach, FL |
81 rooms |
$428,395.06 |
$34.70 |
| INDUSTRIAL |
| Stockbridge Capital Group |
Westcore Properties |
26-property portfolio |
Multi-city |
6,400,000 sf |
$89.06 |
$570.00 |
| Colony Industrial |
Hampshire Real Estate Cos. |
33-property portfolio |
Multi-city |
1,300,000 sf |
$136.92 |
$178.00 |
| ASB Real Estate Investments |
Not disclosed |
Columbia Business Park |
Riverside, CA |
1,000,000 sf |
$123.00 |
$123.00 |
| OFFICE |
| Drawbridge Realty |
PCCP/The Brookhollow Group |
The Pacific Center |
Santa Ana, CA |
390,600 sf |
$249.62 |
$97.50 |
| Albany Road Real Estate Partners |
Buchanan Street Partners |
Quattro |
Phoenix, AZ |
264,994 sf |
$164.15 |
$43.50 |
| TA Realty |
JBG Smith Properties |
World Center Building |
Washington, DC |
83,076 sf |
$517.60 |
$43.00 |
| Fairbridge Properties |
Blackstone |
Oak Brook Gateway |
Oak Brook, IL |
233,200 sf |
$183.96 |
$42.90 |
| MCA Realty |
Not disclosed |
Equus Business Center |
Las Vegas, NV |
357,608 sf |
$117.45 |
$42.00 |
