Elkton, Md., Apartments Sell for $43.4Mln

Written by Dan Moynihan

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Commercial Real Estate Direct Staff Report

Aion Partners has paid $43.4 million, or $166,923/unit, for the 260-unit Stonegate at Iron Ridge apartment property in Elkton, Md.

The New York real estate investment firm acquired the property from Broadshore Capital Partners, a Los Angeles investment manager that had purchased it in 2016 for $37 million.

Aion funded its purchase with a $34.7 million loan provided by Valley National Bank. The property previously was encumbered by $24.3 million of Freddie Mac debt that was securitized through FREMF, 2016-KF19. The old loan wasn't set to mature until June 2023 and was...

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Additional Info

Syndicate to Realpoint: No
States: Maryland
Sector: Multifamily
Subject: Property Acquisitions (ACQ)
Valuation: Between $25 million and $50 million
Private: Yes

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Data Digest

CMBS DELINQUENCY VOLUME

CMBS SPECIAL SERVICING VOLUME

Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank	#Deals	Vol$mln	MktShr%
Goldman Sachs	17.59	11,819.34	13.68
JPMorgan Securities	14.52	10,968.11	12.70
Citigroup	12.04	10,012.71	11.59
Wells Fargo Securities	14.02	9,936.06	11.50
Deutsche Bank	12.55	9,879.74	11.44

RCA CPPI

CMBS 2.0 Spreads

Top CMBS Loan Contributors - 2017
Lender	#Loans	Vol$mln	MktShr%
Goldman Sachs	146.89	11,719.34	13.63
JPMorgan Chase Bank	117.68	10,114.14	11.76
Deutsche Bank	198.48	9,689.97	11.27
Morgan Stanley	166.18	8,539.78	9.93
Citigroup	199.05	8,088.24	9.41

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