Greystar Real Estate Partners Acquires Multifamily Property In Glendale For $118.5M
435 West Los Feliz Road
281,000 SF
Summary
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.
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