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New Deal


Announced

Completed

Cantor Fitzgerald and Harbor Group completed the acquisition of Avalon Mamaroneck from AvalonBay Communities.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Real Estate Holding and Development

Completed

Friendly

multifamily community

Acquisition

Domestic

Majority

Private

Real Estate

Synopsis

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Cantor Fitzgerald, a global financial services group, and Harbor Group, a global real estate investment and management firm, completed the acquisition of Avalon Mamaroneck, a 229-unit Class A multifamily community, from AvalonBay Communities, a publicly traded real estate investment trust. Financial terms were not disclosed. "Avalon Mamaroneck offers an attractive, well-located housing option situated in the affluent area of Westchester County's Gold Coast. We are thrilled once again to partner with Cantor Fitzgerald to acquire a high-quality asset," Yisroel Berg, HGIChief Investment Officer, Multifamily.

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