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November 19, 2020 Comments Off on Inland Acquires Glendale Multifamily for $83M Views: 931 Phoenix, Phoenix & Southwest News, Top Phoenix

Inland Acquires Glendale Multifamily for $83M

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Oak Brook, IL-based Inland Real Estate Group acquired a 313-unit multifamily property in Glendale from an entity affiliated with Mesa-based Christopher Todd Communities for nearly $83 million. The cottage-style apartment complex was built in 2019 on 22.73 acres at 9999 W. Missouri Ave.

Custom features of homes include wood inspired flooring, high ceilings and state-of-the-art smart technology, as well as stainless steel appliances, with full size washers and dryers. Residents enjoy their own private fenced backyard for barbeques or for pets to play in. Amenities include a heated community pool and spa with a resident clubhouse, a multi-purpose event lawn and outdoor ramadas, televisions, and fire pits, as well as WiFi.

NorthMarq Capital arranged $45,789,000 in new Fannie Mae debt for the deal.

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