Real Capital Analytics (RCA) says it was one-off deals that drove apartment sales in the first half of 2015 13% above last year’s figure, to a pace that would surpass that of 2006. But where did these deals come from? The Sexy Six coastal markets were well represented, but some of the first half’s biggest deals could also be found in the Heartland of the country. Check out RCA’s list to find out more:
Rank |
Property |
City |
Cost (in millions) |
Units |
Cost per Unit |
Buyer |
1 |
The Belnord |
New York, N.Y. |
$575.0 |
215 |
$2,674,419 |
HFZ Capital Group |
2 |
Tower Two at One Rincon Hill |
San Francisco |
$410.0 |
298 |
$1,375,839 |
Maximus RE Partners JV Rockpoint Group |
3 |
OneEleven |
Chicago |
$328.2 |
504 |
$651,240 |
Heitman |
4 |
184 Kent Avenue |
Brooklyn, N.Y. |
$275.0 |
338 |
$813,609 |
Rockpoint Group JV Kushner Cos. |
5 |
Bell Flatirons |
Louisville, Colo. |
$251.7 |
1,206 |
$208,679 |
Bell Partners |
6 |
Somerset Park |
Troy, Mich. |
$216.0 |
2,226 |
$97,035 |
Solomon Organization |
7 |
Atmark Apartments |
Cambridge,
Mass. |
$207.7 |
428 |
$485,322 |
AEW Capital |
8 |
8th & Hope |
Los Angeles |
$200.0 |
290 |
$689,655 |
Essex Property Trust |
9 |
Residences at The Avenue |
Washington, D.C. |
$196.0 |
335 |
$585,075 |
Wafra |
10 |
Gramercy at Metropolitan Park |
Arlington, Va. |
$190.0 |
399 |
$476,190 |
Dweck Properties |
