The 30-acre, 454-unit complex was acquired by Glen Park Associates LLC with a 30-year mortgage from Horsham, Pa.-based GMAC Commercial Mortgage. Ron Peterson of the Seattle office arranged the transaction. The seller was not disclosed.
Glen Park Apartments contains 216 one-bedroom apartments, 174 two-bedroom units, and 74 three-bedroom units in 57 buildings. Amenities include a tennis court, four playgrounds, four saunas, five barbecue and picnic areas, an indoor basketball court, three car wash areas, and a clubhouse building with kitchen facilities.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
