May 8, 2024

Sales Deals of the Week: KKR Buys Multi-State Student Housing Portfolio Robert Khodadadian | Commercial Observer

Sales Deals of the Week: KKR Buys Multi-State Student Housing Portfolio Robert Khodadadian | Commercial Observer, Robert Khodadadian
New York City Skyline - Robert Khodadadian

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.

  

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, The Commercial Observer, Retail For Lease, Commercial Observer, Commercial Office Lease

Channel, Sales, Abacus Capital Group, Alliance Residential Company, Baron Property Group, Blackstone Real Estate Income Trust, Deals of the Week, KKR, Quadrum Global, Simon Development, ZD Jasper Realty, National 

Articles about Robert Khodadadian from Commercial Observer New York’s authority on commercial real estate leasing financing deals and culture.

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