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California Investor Pays $25 Million for 1970s-Vintage Apartments Near Phoenix

Florida-Based Firm Sells 30-Building Complex in Glendale, Arizona, for More Than Double Its Prior Acquisition Price
Aerial photo of the 120-unit apartment complexs (at center) acquired by Sunrise Multifamily. Now called Sunrise on Bethany the apartments were built in Glendale in 1974. (CoStar)
Aerial photo of the 120-unit apartment complexs (at center) acquired by Sunrise Multifamily. Now called Sunrise on Bethany the apartments were built in Glendale in 1974. (CoStar)
CoStar News
November 30, 2022 | 10:22 P.M.

A Los Angeles-based multifamily investor paid $25 million to acquire a 120-unit apartment complex in Glendale, Arizona, more than double the property's prior selling price.

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