Greystar Real Estate Partners Acquires Multifamily Property In Glendale For $118.5M

A multifamily property located at 435 W Los Feliz Rd in Glendale has been sold for a price of $118,500,000. The property consists of 220 units, with an average price per unit of $538,636. The seller of the property was AFL-CIO Investment Trust Corp. & PNC Realty Investors Inc., while the buyer was Greystar Real Estate Partners. The transaction took place on December 6, 2019, and the property was represented by Laurie Lustig-Bower from CBRE and Kitty Wallace from Colliers International Group Inc.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $118,500,000
• Address: 435 W Los Feliz Rd, Glendale
• Market: Glendale
• Units: 220
• Price Per Unit: $538,636
• Seller: AFL-CIO Investment Trust Corp. & PNC Realty Investors Inc.
• Buyer: Greystar Real Estate Partners
• Brokers: Laurie Lustig-Bower - CBRE, Kitty Wallace - Colliers International Group Inc.

Laurie Lustig-Bower from CBRE and Kitty Wallace from Colliers International Group Inc. represented the respective parties involved in the transaction. The deal marks a significant transaction in the Glendale market, showcasing the demand for multifamily properties in the area.