Eric Fleiss Of Regent Properties Acquires TENTEN Glendale Multifamily From Amidi Group For $33.5M

The property is a 66-unit multifamily apartment complex located at 111 North Louise Street in Glendale, CA. It was acquired for $33.5 million, equating to a per-unit price of $507,576.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,500,000
• Buyer: Eric Fleiss - Regent Properties
• Seller: Rahim Amidi & Saeed Amidi - Amidi Group
• Broker: Northmarq
• Units: 66
• Price Per Unit: $507,576
• Loan Amount: $22.7 million

Northmarq facilitated the transaction and arranged a $22.7 million interest-only loan from a life insurance company to finance the acquisition, highlighting the financial structuring involved in the deal.