The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 12, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
InTrust Property Group Buys 208 Res Units in Glendale, AZ


InTrust Property Group recently picked up two multifamily properties totaling 208 units in Glendale, AZ. Acquisition of the properties, the Sunflower and Veranda Apartments, was financed with a loan of $29.36 mil.

Located at 6015 and 5959 West Olive Ave, near Glendale Community College, Saguaro Ranch Park and Glendale library, the gated multifamily properties offer units that range in size from 450 sf to 1.2k sf. Community amenities include three swimming pools, grill and picnic areas, and on-site property management.

Upon acquisition, InTrust plans to upgrade all units to include stainless steel appliances, new cabinetry and quartz countertops. The loan will provide funding for the future capital improvements and renovation of the asset and was structured with a three-year term with two one-year extensions.

Shaun Moothart, Bob Ybarra, Bruce Francis, and Doug Birrell of CBRE arranged the loan on behalf of InTrust Property Group, a Newport Beach-based multifamily investment firm.

Return to the Archive page


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media