The third quarter saw tremendous volume as 1,665 properties (and 241,532 units) totaling $27.5 billion changed hands, according to New York-based Real Capital Analytics. While it was one of the busiest quarters of the past decade, cap rates fell to historic lows. Here are the 10 biggest deals according to RCA.
| Rank | Property | Location | Price (millions) | Price Per Unit | Units | Buyer |
|---|---|---|---|---|---|---|
| 1 | Avalon Chrystie | Place New York, NY | $365.0 | $1,011,080 | 361 | Ashkenazy Acquisition JV American Realty Advisors |
| 2 | Palazzo Westwood Village | Los Angeles, CA | $300.0 | $857,143 | 350 | Clarion Partners |
| 3 | The Vermont | Los Angeles, CA | $283.0 | $584,711 | 484 | Capri Capital Advisors JV TruAmerica Multifamily |
| 4 | Kew Gardens Hills | Flushing, NY | $216.0 | $170,347 | 1,268 | A&E Real Estate |
| 5 | The Watermarke | Los Angeles, CA | $160.5 | $750,000 | 214 | ASB Capital Management |
| 6 | Village of Lake Park | Smyrna, GA | $150.5 | $86,575 | 1,738 | Cortland Partners |
| 7 | Greenfield Village | San Diego, CA | $150.0 | $232,919 | 644 | R&V Management Corp |
| 8 | Apex | Milpitas, CA | $150.0 | $409,836 | 366 | Essex Property Trust |
| 9 | Corinthian (Bulk Condo) | New York, NY | $147.0 | $1,020,833 | 144 | Gaia RE Holdings |
| 10 | Rachel Gardens | Pine Brook, NJ | $136.0 | $178,010 | 764 | Cammeby’s Int’l Group |
