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Sale Saves Glendale Apartments From Foreclosure

PHOENIX—ABI Multifamily has closed the sale of a 276-unit, multifamily property, Glendale Commons Apartments. The buyer is a partnership through Dalan Management; the seller is a partnership through NV Investments, LP, based in Folsom, CA.

By Kristian Seemeyer | Updated on April 12, 2015

PHOENIX—ABI Multifamily has closed the sale of a 276-unit, multifamily property, Glendale Commons Apartments, for $8.95 million or $32,428 per unit. The buyer is a partnership through Dalan Management, based in New York with more than 1,200 units in the Phoenix area.  The seller, a partnership through NV Investments, LP, based in Folsom, CA, which through the sale of Glendale Commons Apartments, has now fully exited the Phoenix market. 

The Phoenix based ABI Multifamily brokerage team of Alon Shnitzer, John Kobierowski, Rue Bax, Doug Lazovick and Eddie Chang, represented both buyer and seller in the transaction.

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