Bender Companies Acquires Burbank Multifamily From Advantage Management For $20.5M

The multifamily property located at 97 Pinehurst Ct in Burbank has been sold. The transaction was completed on 07/11/2022, with a sale price of $20,500,000. The property consists of 173 units, resulting in a price per unit of $118,497. The buyer of the property was Bender Companies, represented by Kurt Bender. The seller was Advantage Management.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $20,500,000
• Units: 173
• Price Per Unit: $118,497
• Buyer: Bender Companies - Kurt Bender
• Seller: Advantage Management
• Market: Burbank

The buyer, represented by Kurt Bender from Bender Companies, acquired the multifamily property from Advantage Management. The transaction represents a significant investment in the Burbank market.