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SAN FERNANDO VALLEY, CA- Forest Glen Properties LLC of West Los Angeles has purchased the 204-unit Forest Glen Townhome Apartments and plans to convert the apartment complex to condominiums, according to Hendricks & Partners.

Dean Zander of the Encino office of Hendricks & Partners, who represented both the buyer and the seller, says the buyer is a private investment group that owns and operates several other Southern California and Texas apartment buildings. Forest Glen acquired the property from the Irvine-based Bascom Group.

The Forest Glen complex consists of 17 buildings at 20258 Cohasset Street in the Winnetka area of the San Fernando Valley, near Canoga Park. The garden-style complex was built in the 1970′s and consists primarily of townhouses of two and three bedrooms, The complex includes swimming pools, an exercise room, a two-story clubhouse and a leasing office. Seller Bascom, which upgraded and renovated the property during its ownership, bought the complex in 1999 in a deal brokered by Zander.

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