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12/17/25
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Amidi Real Estate Group has secured $125 mil in financing for TenTen Campus, a newly built, 228-unit Class A multifamily asset located in downtown Glendale. The financing allows Amidi Group to retire existing construction debt and preferred equity while providing capital for continued operations as the property approaches full stabilization and concessions burn off.
TENTEN Campus is strategically positioned at 414 N. Orange St, providing residents convenient access to major employment centers including Disney, DreamWorks Animation and other key entertainment employers. The property sits within walking distance of premier retail destinations including Americana at Brand and Glendale Galleria.
The eight-story mid-rise apartment community totals 220k sf and offers a diverse unit mix of studios, one- and two-bedroom apartments with an average unit size of 942 sf. The property obtained its temporary certificate of occupancy in November 2024 and has demonstrated exceptional leasing velocity since resident move-ins commenced in February 2025, achieving 95% occupancy prior to the transaction closing.
TENTEN Campus offers premium amenities including a resort-style pool and spa, rooftop terrace with skyline views, state-of-the-art fitness center with steam room and sauna, business center and more than 5,200 square feet of ground-floor retail space. Unit features include floor-to-ceiling windows, stainless steel appliances, in-unit washers and dryers, quartz countertops and personal balconies in select units.
Chris Gandy, Ethan Habecker and Max Mraz with JLL Capital Markets arranged the loan, which was financed through Oaktree Capital Management. Habecker noted that TENTEN Campus is well-positioned to command top-of-market rents given the limited high-quality multifamily options available to renters.
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