A private investor from California has acquired the Rosewood Apartments in Glendale, a suburb of Phoenix. The seller, also based in California, sold the property for $18.7 million.

Rosewood Apartments is a garden-style community built in 1984. It has a mix of 96 one-bedroom/one-bathroom units, and 56 two-bedroom/two-bathroom units. Rosewood Apartments include large closets, patio/balcony, and well-equipped kitchens.

ABI Multifamily's Alon Shnitzer, Rue Bax, John Kobierowski, Eddie Chang and Doug Lazovick represented both the buyer and seller.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Phoenix
Multifamily
Capital Markets
West