Sales Deals of the Week: KKR Buys Multi-State Student Housing Portfolio
The top five sales across the country from April 22 to April 26
By The Editors April 26, 2024 10:00 am
reprints![Sales deal sheet](https://commercialobserver.com/wp-content/uploads/sites/3/2024/02/Sales_1.png?w=510)
Housing was the word of the week on the lips of dealmakers with Blackstone selling off $1.6 billion worth of student housing around campuses in multiple states while in New York City Rudin is selling off an office tower for $160 million, with the new owners planning to convert it to residential.
Amount | Address | Buyer | Seller | Brokers | Asset |
---|---|---|---|---|---|
$1.6 billion | 19-property portfolio | KKR | Blackstone Real Estate Income Trust | N/A | Student housing |
$160 million | 80 Pine Street | Bushburg | Rudin | Eastdil Secured’s Gary Phillips and Will Silverman | Office |
$72.5 million | 4735 Sepulveda Boulevard | Abacus Capital Group | Alliance Residential Company | N/A | Multifamily |
$47 million | 45-40 Vernon Boulevard | ZD Jasper Realty | Quadrum Global, Baron Property Group and Simon Development | JLL’s Brendan Maddigan, Rob Hinckley, Michael Mazzara, Ethan Stanton, Winfield Clifford and Vickram Jambu | Development site |
$44.5 million | 1200 North Queen Street and 1225 North Pierce Street | Bozzuto Group | Gables Residential | N/A | Multifamily |
Sales Deals of the Week reflects deals closed or announced from April 22 to April 26. Information on sales can be sent to editorial@commercialobserver.com.
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