12-24-15

R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news

ISSUE HIGHLIGHTS Volume 27 Issue 24 Dec. 24, 2015 - Jan. 14, 2016 SPO TLIGHT Annual Review Section B NAI Commerc ial Partners reps. both parties in$525k sale

To Berkadia Commercial Mortgage Capital One leads group providing $5.1 billion FreddieMac warehousing facility

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as well our strong balance sheet.” Capital One Bank’s Com- mercial Real Estate Group offers a comprehensive array of financing solutions for prop- erty owners and developers nationwide, including bal- ance sheet and agency lend- ing. Additional information can be found at www.capita- lonemultifamily.com. Capital One Commercial Banking leverages a relationship-based banking model that seamlessly delivers an array of products and services including loans and deposit accounts, trea- sury management services, merchant services, invest- ment banking, international services and correspondent banking. n

EW YORK, NY — Capital One served as a co-lender and the

administrative and collateral agent for a $5.1 billion adjust- able-rate Freddie Mac ware- housing facility. The borrower is Berkadia Commercial Mortgage , one of the largest multifamily agency lenders in the country. The loan bridges the timing gap between the orig- ination of 107 individual loans needed to fund Lone Star Funds’ acquisition of Home Proper- ties, Inc. , a multifamily REIT, and the sale of these loans to Freddie Mac. Home Properties’ 107 communities are located in Illinois and on the East Coast from Maine to Virginia, and total 38,965 units. TD Bank and Wells Fargo participated HORSHAM, PA — Liberty Property Trust has closed on the sale of its entire port- folio of 41 properties in the Horsham submarket totaling 2.4 million s/f of space and 20 acres of land, for proceeds of $245.3 million. The portfolio was purchased by Workspace Property Trust, a privately held, vertically integrated, full service commercial real estate company specializing in the development, management, and operation of office and flex space in the Northeast, and was

Cambridge Village

alongside Capital One. “This transaction is a perfect illustration of Capital One’s capacity to lead and manage large, time-sensitive transac-

tions,” said Lein Tung , senior vice president in Capital One’s Boston office. “In completing the deal, we drew on our deep knowledge of Agency processes

Liberty Property Trust sells Horsham, PA 41 property Horshamportfolio for $245.3m

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For speaking and sponsorship information, please contact: Linda at 781-871-3456 or lchristman@marejournal.com Multifamily Conference FEBRUARY 11, 2016 NJ Industrial Real Estate and Development MARCH 18, 2016 NJ Land Development Summit UPCOMING CONFERENCES FEBRUARY 5, 2016 PA Apartment/

84.3% leased at closing. With this sale, Liberty’s 2015 dispositions to date total $536 million. n

680 Blair Mill Rd 455 Business Center Dr. 555 Business Center Dr. 700, 747 Dresher Rd. 767 Electronic Dr. 100-101 Gibraltar Rd. 110 Gibraltar Rd. 120 Gibraltar Rd. 200, 201 Gibraltar Rd. 103-109 Gibraltar Rd. 111-159 Gibraltar Rd. 161-175 Gibraltar Rd. 181-187 Gibraltar Rd. 231-237 Gibraltar Rd. 261-283 Gibraltar Rd. 100-107 Lakeside Dr. 200-264 Lakeside Dr. 300-309 Lakeside Dr. 400-445 Lakeside Dr. 101-111 Rock Rd. 113-123 Rock Rd. 123-135 Rock Rd. 2 Walnut Grove Dr. 4 Walnut Grove Dr. 5 Walnut Grove Dr. 7 Walnut Grove Dr. 132 Welsh Rd. 300 Welsh Rd. Bldg. 3,4 220 Gibraltar Rd. 240 Gibraltar Rd. 506 Prudential Rd. 507 Prudential Rd. 102 Rock Rd.

700 Dresher Rd.

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Shopping Centers. ............................... 5-6A Owners, Developers & Managers.......... 7-35A Green Buildings............................................ 25 - 27A

Upcoming Spotlight January 15, 2015 2016 FORECAST www.marejournal.com

100 Witmer Rd. 104 Witmer Rd. 201-223 Witmer Rd. Commonwealth Corp Ctr Lot 8 Land - 20.35 acres

101 - 111 Rock Rd.

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