IDEAL Capital has purchased a 325-unit apartment complex in Glendale for $108 million. Hines, the project developer and seller, completed the project last year. Commercial Edge reports the project, called Sentio, was fully leased at the time of the sale through a master agreement with a major employer.

IDEAL obtained a $60 million Freddie Mac loan. A CBRE team led by Asher Gunter originated the note and negotiated the transaction.

The 13-acre asset features one-, two- and three-bedroom floorplans that range from 640 to 1,388 square feet. Community amenities include a swimming pool, a sundeck, a clubhouse, coworking spaces, a dog park, fitness centers and a gaming area.

IDEAL’s footprint now exceeds 1,000 units in metro Phoenix, according to Yardi Matrix. The company entered the market in 2021, with the $84.5 million acquisition of the 296-unit The Hyve.

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa.