Southeast Real Estate Business

OCT 2016

Southeast Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Southeast United States.

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Page 6 of 56

F I N A N C E 6 • October 2016 • Southeast Real Estate Business PROPERTY CLASS LOCATION (CITY, STATE) SIZE AMOUNT LENDER ARRANGED BY Skilled nursing portfolio Seniors housing Florida, Mississippi 22 properties, 2,682 beds $249 million HUD KeyBank Real Estate Capital Sequoia Plaza Office Arlington, Va. 369,215 SF $97 million Aareal Capital Corp. HFF The Manor CityPlace Doral Multifamily Doral, Fla. 398 units $74 million Undisclosed Capital One McCraney Property portfolio Industrial Florida 1 million SF $65 million BankUnited Undisclosed Watermark at East Cobb Multifamily Marietta, Ga. 510 units $62 million Freddie Mac Greystone Gallery Bethesda Multifamily Bethesda, Md. 240,000 SF $60 million Pacific Life Insurance Co. Undisclosed Encore Apartments and 4525 Main Street Mixed-Use Virginia Beach, Va. 238,000 SF; 286 units $57 million New York Life Real Estate Investors Undisclosed FINANCIAL SCOREBOARD Loans Recently Closed For Southeast Properties MERIDIAN CAPITAL ARRANGES $56.1 MILLION CONSTRUCTION LOAN FOR DUAL-BRANDED HOTEL IN FORT LAUDERDALE FORT LAUDERDALE, FLA. — Me- ridian Capital Group has arranged $56.1 million in construction financ- ing for the development of a new dual-branded hotel located at 299 N. Federal Highway in downtown Fort Lauderdale. The property is slated to contain both a 209-room Tribute Port- folio hotel, named The Dalmar, and a 114-room Element by Westin hotel. The 23-story property will feature a rooftop lounge, sky lobby, infinity pool, gym, meeting space, retail space and a 212-space parking garage. Ron- nie Levine and Aggelos Sklavenitis of Meridian Capital arranged the four- year construction loan with full-term interest-only payments through Bank of the Ozarks on behalf of the borrow- ers, Wurzak Hotel Group and Dove- Hill. WALKER & DUNLOP SECURES $54.3 MILLION FANNIE MAE LOAN FOR APARTMENT COMMUNITY IN D.C. WASHINGTON, D.C. — Walker & Dun- lop Inc. has structured a $54.3 million Fannie Mae loan to refinance The Es- planade at National Harbor, a 262-unit, Class A apartment community located in National Harbor, just south of Wash- ington, D.C. The property's LEED cer- tification qualified the loan for Fannie Mae's Green MBS program, which en- abled the borrower, The Peterson Cos., to receive lower pricing. The 10-year, refinance loan term includes five years of interest-only payments followed by a 30-year amortization schedule. Dan Martin and Brendan Coleman led the Walker & Dunlop team in originat- ing the loan. The property is situated within National Harbor, the Peterson Cos.' flagship master-planned devel- opment across the Potomac River from Alexandria, Va. Anchored by the Gay- lord National Resort and Convention Center, National Harbor features five additional hotels, 150 stores and over 30 dining locations. Amenities include a courtyard area, resort-style pool, fit- ness center, virtual golf and walkable access to the Potomac River waterfront. NORTHMARQ ARRANGES $27.8 MILLION LOAN FOR DISTRIBUTION CENTER IN METRO ATLANTA NEWNAN, GA. — NorthMarq Capi- tal has arranged a $27.8 million ac- quisition loan for a 2 million-square- foot distribution center located in Newnan, roughly 20 miles south of Hartsfield-Jackson Atlanta Inter- national Airport. The property was built, owned and occupied by Kmart for more than 30 years. Keith Brad- dish of NorthMarq Capital's New York City office and Will James of the firm's Atlanta office arranged the three-year loan through Ladder Capital on behalf of the undisclosed buyer. CRANK UP THE VOLUME THE LATEST HITS Raleigh-Durham, NC SOLD 6131 Falls of Neuse Road Raleigh, NC 56,650 SF Class B Office $7.7 Million Seller Representation: David Divine & Kathy Gigac PBM Graphics Building Greensboro, NC 128,287 RSF Warehouse $5.1 Million Buyer Representation: David Divine 131 Keybridge Drive Morrisville, NC 11,250 SF Retail/Office $2.525 Million Buyer Representation: David Divine David Divine has specialized in investment properties in the greater Raleigh-Durham area for over 16 years. Contact David to take your portfolio to the top of the charts.

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