(To read more on the multifamily market, click here.)

GLENDALE, CA-Revere Investments of Cerritos has acquired the56-unit Glendale View Apartments for $7.4 million and plans toinvest $15,000 per unit on improvements at the fully occupiedcomplex. Revere bought the property, which is located at theprominent corner of Chevy Chase Drive and Glenoaks Boulevard here,from a Los Angeles County-based private partnership.

Revere's new asset is located across the street from GlendaleAdventist Medical Center, which is currently undergoing a majorexpansion. The Glendale View complex consists of a three-storyapartment building over subterranean parking.

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