CSCDA Community Improvement Authority & BLVD Impact Housing Acquire Multifamily In Glendale For $79.7M

The multifamily property located at 1717 N. Verdugo Rd. in Glendale has been sold in a recent transaction. The sale was facilitated by Shane Shafer and Bryan Schellinger from Northmarq on behalf of the buyer, CSCDA Community Improvement Authority & BLVD Impact Housing, and the seller, Interstate Equities Corp. The property is situated in the Glendale market.

Summary of transaction details:

• Property Type: Multifamily
• Date: 03/30/2022
• Address: 1717 N. Verdugo Rd.
• Market: Glendale
• Buyer: CSCDA Community Improvement Authority & BLVD Impact Housing
• Seller: Interstate Equities Corp.
• Brokers: Shane Shafer & Bryan Schellinger - Northmarq
• Sale Price: $79,700,000
• Units: 126
• Price per Unit (PPU): $630,000

The deal involved the collaboration of key individuals and companies. Shane Shafer and Bryan Schellinger from Northmarq represented both the buyer, CSCDA Community Improvement Authority & BLVD Impact Housing, and the seller, Interstate Equities Corp. Their expertise played a significant role in successfully closing the transaction.