Dalan Management Acquires Multifamily Property In Glendale, AZ For $28M

Dalan Management has acquired a multifamily property located at 15010 N 59th Ave in Glendale, AZ. The transaction was completed with a purchase price of $28 million. The property consists of 139 apartments and offers amenities such as private patios, a pool, and controlled entry.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,000,000
• Units: 139
• Price Per Unit (PPU): $201,439
• Address: 15010 N 59th Ave, Glendale, AZ
• Market: Glendale

The sale was facilitated by the brokers Jake Vitta, Steve Gebing, and Tyler Johnson from Institutional Property Advisors representing both the buyer, Dalan Management, and the seller, Western Wealth Capital. The mortgage brokers involved in the transaction were Brian Eisendrath, Cameron Chalfante, and Cliff David, also from Institutional Property Advisors.

Dalan Management seized the opportunity to acquire the property, recognizing its potential and the value it adds to their portfolio. With this acquisition, Dalan Management further expands its presence in the multifamily market.