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S2 Capital Pay $55 Million for Apartments in Phoenix's Glendale Suburb

Texas Multifamily Investor Pays 27% Below Market Average for Eagle Crest

The Eagle Crest apartments in Glendale, Arizona, were built in 1987. (CoStar)
The Eagle Crest apartments in Glendale, Arizona, were built in 1987. (CoStar)

Apartment investment firm S2 Capital paid $55 million, well below the average price in Phoenix's torrid apartment market, for a 408-unit apartment complex in the suburb of Glendale, Arizona.

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