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2026 The ApartmentBuildings.com 100
Transactions of the Year
- $1.625 Billion Camden Portfolio Deal Ranks Among Southern California’s Largest
- Aimco Sells Chicago Multifamily Portfolio for $455 Million
- Barings Sells Midtown West Rental Tower for $244 Million
- Blackstone, La Caisse Secure $3.15-Billion StuyTown Refinancing
- Equity Residential, AvalonBay Merge in $52 Billion Apartment REIT Deal
- Ethos Affiliate Acquires San Jose’s Ascent for $323 Million
- GO Residential-Led Consortium to Acquire H＆R in $6.7 Billion Deal
- Grant Cardone Fund Wins Court Approval for $235M Boca Raton Apartment Deal
- IMT Capital Obtains $625-Million Freddie Mac Refi
- JLL Capital Markets Structures $1.1-Billion National Apartment Portfolio Venture
- Kennedy Wilson Acquires Toll Brothers’ Apartment Platform for $347M
- Kennedy Wilson, Jamison Partner to Deliver 4,000 Affordable Units Across Los Angeles
- MG Properties Acquires Park 12 for $309 Million in San Diego
- Morgan Properties Acquires $501 Million Trilogy Multifamily Portfolio
- Oak Row, OKO and Mariposa Close $520-Million Brickell Land Deal
- Outpost, June Homes Merge to Create 4,000-Unit Co-Living Platform
- Sonida Completes $1.8-Billion Merger with CNL Healthcare Properties
- Sun Life Takes Full Control of BGO, Crescent; Buys Bell
- West Shore Closes $600 Million in Multifamily Financing and Acquisition Activities
- Winning Proposal Will Bring 3,600 Affordable Units as Part of $8-Billion St. Petersburg Mixed-Use
Blackstone, La Caisse Secure $3.15-Billion StuyTown Refinancing
Blackstone and Canadian pension fund La Caisse secured a $3.15-billion refinancing for the 11,241-unit Stuyvesant Town/Peter Cooper Village on Manhattan’s Lower East Side. Wells Fargo originated the new mortgage to replace a maturing loan.
The new financing allowed Blackstone and La Caisse to refinance the property while maintaining ownership of a large-scale multifamily asset that has undergone significant capital investment since the 2015 acquisition.
Blackstone and La Caisse acquired the property from CWCapital in 2015 for approximately $5.4 billion after previous owners Tishman Speyer and BlackRock defaulted on the property’s debt.
Since the acquisition, Blackstone has invested more than $425 million in StuyTown/Peter Cooper Village, including apartment renovations, building improvements, expanded retail offerings and the installation of more than 9,600 solar panels.
Developed by MetLife in the 1940s as workforce housing for returning World War II veterans, StuyTown/Peter Cooper Village is one of the largest residential developments in Manhattan.
These are some of the reasons why the StuyTown/Peter Cooper Village refi was selected to receive ApartmentBuildings.com’s AB 100 Transaction of the Year Award, which recognizes those who demonstrate creativity, skill and success in the multifamily industry.