Canadian Investor Buys The Glen Apartments in Phoenix for $23M

Western Wealth Capital affiliate WWC XLVII buys the 200-unit apartment complex in the Glendale suburb of Phoenix.

By Kelsi Maree Borland | November 20, 2019 at 04:00 AM

Western Wealth Capital affiliate WWC XLVII has acquired The Glen Apartments, a 200-unit apartment complex in the Glendale suburb of Phoenix. The buyer purchased the property with a $16.5 million Freddie Mac loan.

Built in 1985, the 200-unit apartment community feature one-bedroom and two-bedroom apartments, along with two swimming pools, laundry facilities, and a clubhouse. Lili Rubin Investment Properties an entity formed by Liliana Stoianova, of Phoenix, Arizona was the seller.

The NorthMarq Phoenix investment sales and financing teams arranged the transactions. Trevor Koskovich, Bill Hahn and Jesse Hudson represented both the seller and the buyer in this transaction. James DuMars and Griffin Martin arranged the financing on behalf of the buyer.

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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.

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