Bridge Investment Group has acquired Glen 91, a 296-unit multifamily asset in Glendale, for $76.5 million, just over $258,000 a unit. HCW was the seller and developer of the recently built project.

An Institutional Property Advisors (IPA) sales team led by Steve Gebing and Cliff David represented the seller and found the buyer of the property at 8991 W Glendale Ave. IPA’s Gebing added, “Glendale has the second-highest concentration of renter households in the West Valley and is projected to maintain steady growth well into the future.”

The Westgate Entertainment District, home to State Farm Stadium, Desert Diamond Arena, and Tanger Outlets, is within walking distance of the property. Major employers in the area include Amazon, PepsiCo, FedEx, Williams Sonoma, and REI. The open-air shopping centers Gateway Pavilions, Banner Estrella Medical Center, and Gateway Crossing Shopping Center are nearby.

Completed in 2023, Glen 91 has climate-controlled interior corridors, a resort-style swimming pool, hammock garden, covered parking, and attached garages. The average unit size is 871 square feet.