Bridge Investment Group Acquires Glen 91 Multifamily Property From HCW For $76.5M In Glendale AZ

The multifamily property located at 8991 West Glendale Avenue in Glendale, Arizona, was sold for $76.5 million. The asset encompasses 296 units with a price per unit of $258,446. This recently completed complex features upscale amenities and is situated close to major employment and entertainment hubs.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $76,500,000
• Units: 296
• Price Per Unit: $258,446
• Buyer: Bridge Investment Group
• Seller: HCW
• Brokers: Cliff David & Steve Gebing - Institutional Property Advisors

The transaction was facilitated by Institutional Property Advisors (IPA), highlighting the involvement of experienced brokers in this significant sale. The property, identified as Glen 91, demonstrates a strategic acquisition for Bridge Investment Group, adding to their multifamily portfolio in an area known for its growth potential.