Recent commercial real estate transactions
Below is a sampling of recent property transactions tracked by Real Capital Analytics (RCA). The largest completed transactions included a South Florida apartment complex and an office property in Atlanta.
CBRE Global Investors sold a 1,520-unit apartment complex to a joint venture between Carroll Organization and American Property Holdings. The sales price was $225 million. The property was The Resort at Pembroke Pines, located in Pembroke Pines, Fla.
In Atlanta, Highwoods Properties purchased One Alliance Center, a 20-story office building, from ORIX Capital Markets for $140 million. Highwoods Properties also acquired the sister building to One Alliance Center, Two Alliance Center, which the company acquired in September 2012.
|
Buyer |
Seller |
Type |
Units |
Location |
Price in $ |
$/Units |
|
Crescent Heights |
Rieder Holdings/Clipper Equity |
Apartment |
179 units |
New York, NY |
$120.00 |
$670,391.06 |
|
AvalonBay Communities |
Hillwood Square Mutual Association |
Apartment |
160 units |
Falls Church, VA |
$38.00 |
$237,500.00 |
|
Preferred Apartment Communities |
Oxford Properties |
Apartment |
96 units |
Hampton, VA |
$18.10 |
$188,541.67 |
|
Carroll Organization/American Property Holdings |
CBRE Global Investor |
Apartment |
1,520 units |
Hollywood, FL |
$225.00 |
$148,026.32 |
|
Marquis Investments |
Wilkinson Corp. |
Apartment |
64 units |
Atlanta, GA |
$8.91 |
$139,275.00 |
|
Fairfield Residential |
TIAA-CREF |
Apartment |
200 units |
Deerfield Beach, FL |
$27.75 |
$138,750.00 |
|
RK Properties |
Wasatch Property Management |
Apartment |
196 units |
Gilbert, AZ |
$25.72 |
$131,207.48 |
|
Fairfield Residential |
TIAA-CREF |
Apartment |
208 units |
Pompano Beach, FL |
$27.00 |
$129,807.69 |
|
Goff Capital Partners |
Alliance Residential Co. |
Apartment |
366 units |
Brandon, FL |
$38.80 |
$106,010.93 |
|
Hayman Cos. |
Education Realty Trust |
Apartment |
240 units |
Murfreesboro, TN |
$20.70 |
$86,250.00 |
|
Pacifica Cos. |
Abbey Residential |
Apartment |
400 units |
Oldsmar, FL |
$33.00 |
$82,500.00 |
|
ROC|Bridge Partners |
J Kislak |
Apartment |
360 units |
Tucson, AZ |
$25.63 |
$71,180.56 |
|
Marquis Investments |
Wilkinson Corp. |
Apartment |
158 units |
Atlanta, GA |
$7.14 |
$45,172.15 |
|
Marquis Investments |
Wilkinson Corp. |
Apartment |
135 units |
Atlanta, GA |
$5.61 |
$41,579.26 |
|
Marquis Investments |
Wilkinson Corp. |
Apartment |
154 units |
Atlanta, GA |
$5.37 |
$34,858.44 |
|
Chatham Lodging Trust |
Continental Real Estate Cos. |
Hotel |
178 rooms |
Pittsburgh, PA |
$40.00 |
$224,719.10 |
|
RLJ Lodging Trust |
Akihiko Ito |
Hotel |
150 rooms |
San Francisco, CA |
$29.50 |
$196,666.67 |
|
Makar Properties |
FelCor Lodging Trust |
Hotel |
160 rooms |
Goleta, CA |
$24.00 |
$150,000.00 |
|
Wright Hotels/Jerry Anches |
Trillium Corp./Upper Skagit Indian Tribe |
Hotel |
198 rooms |
Blaine, WA |
$19.50 |
$98,484.85 |
|
Skyway Development |
Beck Street Capital/Kimco Realty Corp. |
Office |
61,500 sf |
New York, NY |
$38.50 |
$626.02 |
|
Highwoods Properties |
ORIX Capital Markets |
Office |
553,370 sf |
Atlanta, GA |
$140.10 |
$253.18 |
|
GC Essential Asset REIT |
USAA Real Estate |
Office |
232,648 sf |
Phoenix, AZ |
$54.50 |
$234.26 |
|
Marcus Partners |
RREEF Funds |
Office |
108,000 sf |
Framingham, MA |
$14.50 |
$134.26 |
|
LLJ Ventures |
Exeter Realty |
Retail |
44,422 sf |
Minneapolis, MN |
$14.05 |
$316.28 |
|
Whitestone REIT |
Rassier Properties |
Retail |
118,730 sf |
Scottsdale, AZ |
$21.30 |
$179.40 |
|
AmREIT |
Westplan Investors |
Retail |
160,598 sf |
Atlanta, GA |
$27.70 |
$172.48 |
|
Phillips Edison – ARC |
Wangard Partners |
Retail |
87,181 sf |
Savage, MN |
$15.00 |
$172.06 |
|
Ramco-Gershenson Properties |
Brixmor |
Retail |
299,300 sf |
Mount Prospect, IL |
$36.10 |
$120.61 |
