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

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.