(To read more on the multifamily market, click here.)
PHOENIX-Two California corporations have swapped the deed to the224-unit Brentwood Apartments, setting up a $10.8-million trade ofa 26-year-old asset for $200,000 more than the ask.
The seller of the 13-building complex at 11821 N. 28th Dr.bought it in 2001. At that time, Brentwood/Petree Management LLC ofGlendale, CA paid $8.28 million for it.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
