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Tuesday, 23 July 2019

Homestead Pavilion/2400 NE 10th Court

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The property was in the collateral pool for a $900 million loan that was securitized earlier this year through RETL, 2019-RVP. It was allocated $42.1 million of the deal's original balance. The CMBS transaction was structured so collateral properties could be sold and their allocated balances paid down at a premium. So far, 13 collateral properties, not including Homestead Pavilion, have been sold, reducing the CMBS deal's balance to $853.2 million.



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Additional Info

  • City: Homestead
  • State: FL
  • Type: RET
  • Price: 62200000
  • Size: 302347
  • Unit Price (in USD): $205.72/sf
  • Buyer: a venture led by CREC Capital, a Miami property company affiliated with Colliers International
  • Seller: Retail Value Inc.
  • Broker: CBRE
  • Status: [{"name":"","value":1,"target":null},{"name":"SOLD","value":2,"target":null},{"name":"PENDING","value":3,"target":null}]
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Dan Moynihan

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