Bridge Investment Group Acquires 208-Unit Monte Vista In Glendale For $25.5M With Truist Bank Loan

The property involved in this transaction is a multi-family asset located at 6767 West Butler Drive in Glendale, AZ. The asset comprises 208 units and was sold for $25,500,000, equating to a price per unit of $122,596.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $25,500,000
• Units: 208
• Price Per Unit: $122,596
• Lender: Truist Bank
• Buyer: Bridge Investment Group
• Brokers: Cliff David, Steve Gebing - Institutional Property Advisors & Darrell Moffitt - Marcus & Millichap

This transaction was facilitated by notable brokers including Cliff David and Steve Gebing from Institutional Property Advisors, alongside Darrell Moffitt from Marcus & Millichap. The property is now known as Butler Ridge Apartments following its acquisition by Bridge Investment Group.