Transactions reported this week include the sale of a hotel in Phoenix.
A joint venture among funds managed by Trinity Real Estate Investments and funds managed by Elliott Management Corp. acquired the JW Marriott Desert Ridge Resort & Spa, the largest resort in Phoenix.
Blackstone reportedly sold the asset for $602 million, according to Pacific Business News.
| Buyer |
Seller |
Property name |
Location |
Size |
Price per size |
Price (m) |
| APARTMENTS |
|
|
|
|
|
|
| NexPoint Residential Trust |
GoldOller Real Estate Investments |
The Avant |
Pembroke Pines, FL |
1,520 units |
$211,842.11 |
$322.00 |
| Plaza Del Rey MHC |
The Carlyle Group |
One-property portfolio |
Sunnyvale, CA |
800 units |
$296,750.00 |
$237.40 |
| Fairfield Residential |
Vista Realty Partners |
Two-property portfolio |
Multi-city |
604 units |
$115,894.04 |
$70.00 |
| Aegon Asset Management/Ideal Capital Group |
Not disclosed |
Sunterra Apartments |
Oceanside, CA |
240 units |
$276,041.67 |
$66.25 |
| NexPoint Residential Trust |
Investcorp International |
Arbors of Brentwood |
Nashville, TN |
346 units |
$180,057.80 |
$62.30 |
| Not disclosed |
Trillium Residential |
Trillium 44 |
Phoenix, AZ |
297 units |
$188,552.19 |
$56.00 |
| Hudson Valley Property Group |
Not disclosed |
Parkledge |
Yonkers, NY |
311 units |
$155,305.47 |
$48.30 |
| Greystar |
Griffis Residential |
Griffis at Lowry |
Denver, CO |
150 units |
$304,666.67 |
$45.70 |
| Dalan Management |
FPA Multifamily |
The Vue Apartments |
San Bernardino, CA |
197 units |
$189,847.72 |
$37.40 |
| FCP |
Not disclosed |
Townsend Apartments |
Jacksonville, FL |
396 units |
$73,484.85 |
$29.10 |
| HOTELS |
|
|
|
|
|
|
| Trinity Real Estate/Elliott Management Corp. |
Blackstone |
JW Marriott Desert Ridge Resort & Spa |
Phoenix, AZ |
950 rooms |
$633,684.21 |
$602.00 |
| INDUSTRIAL |
|
|
|
|
|
|
| Rexford Industrial |
Not disclosed |
Five-property portfolio |
Multi-city |
488,000 sf |
$226.02 |
$110.30 |
| Terreno Realty Corp. |
Not disclosed |
134-154 Morgan Ave. |
Brooklyn, NY |
192,000 sf |
$419.27 |
$80.50 |
| OFFICES |
|
|
|
|
|
|
| Not disclosed |
Office Properties Income Trust |
Four-property portfolio |
Multi-city |
1,397,730 sf |
$159.69 |
$223.20 |
| TerraCap Management Corp. |
Bridge Investment Group/DPC Development Co. |
Denver Corporate Center II & III |
Denver, CO |
381,466 sf |
$187.99 |
$71.71 |
| Taurus Investment Holdings |
TerraCap Management Corp. |
Gateway Professional Center |
Sarasota, FL |
246,941 sf |
$183.04 |
$45.20 |
