Next Wave Investors Acquires Ascension At Manistee Ranch Multifamily In Glendale For $23.45M

The multifamily property located at 7959 North 53rd Avenue in Glendale, AZ has been sold for $23,450,000. This asset consists of 71 units, resulting in a price per unit of $330,282. The townhome-style complex features two- and three-bedroom units with an average size of 1,396 sq. ft., along with amenities such as a pool with cabanas and a pet park.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,450,000
• Buyer: Next Wave Investors
• Seller: Kinella Capital
• Broker: Cushman & Wakefield
• Units: 71
• Price Per Unit: $330,282

Next Wave Investors acquired the property, Ascension at Manistee Ranch, from Kinella Capital, who had previously bought the property out of foreclosure. The transaction occurred on September 23, 2025, facilitating the transition of ownership in this multifamily asset.