Austin Herzog Of IDEAL Capital Acquires Multifamily In Glendale For $108M

A multifamily property located at 3600 West Happy Valley Road in Glendale, VA, has been sold for $108 million. This asset encompasses a total area of 13 acres and comprises a luxury community with 325 units. The transaction was facilitated with the aide of a $60 million Freddie Mac loan through CBRE.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $108,000,000
• Buyer: Austin Herzog - IDEAL Capital
• Seller: Hines Interests
• Broker: Asher Gunter - CBRE
• Loan Amount: $60,000,000
• Location: Glendale, VA
• Acres: 13

Austin Herzog represents IDEAL Capital in the transaction while Asher Gunter facilitated the deal as the broker from CBRE. Hines Interests was the selling party in this acquisition. The purchase involved acquiring the community known as Sentio.