Champion Real Estate Company (“Champion”) recently completed the acquisition of two multifamily buildings for $33.6 million in the city of Glendale, California, which buildings are owned by a subsidiary of Champion, Champion Glendale Property, LLC. This purchase is an off-market acquisition that was negotiated simultaneously for the two buildings, totaling 104 market rate apartment units.

The two properties are located less than two miles apart. Princess Louise (“Louise”) was built in 1970 with 42 units, and Windsor Real (“Windsor”) was built in 1972 with 62 units. The properties include a large percentage of multi-bedroom units with an average size of 951 square feet.

Glendale and the cities of Burbank and Pasadena comprise the Tri-Cities of the eastern San Fernando Valley/Western San Gabriel Valley. The Tri-Cities are highly sought-after locations with strong schools, clean and accessible community parks, renowned shopping and restaurants, as well as relative affordability in the Los Angeles metro area.

“The Glendale apartment market is largely bifurcated with the vast majority of units either being new construction or dated and untouched 1960’s and 1970’s product. With a comprehensive improvement plan, Louise and Windsor will provide an upgraded, clean and professionally managed living experience at a steep discount to the new construction,” states Parker Champion, Executive Vice President.

“Providing larger-sized homes in an updated apartment community while maintaining affordability in such convenient and desirable locations will offer the Glendale community with more options to enjoy the desired lifestyle,” comments Parker.

Champion has over 30 years of experience in the multifamily market and previously completed similar value-add investment acquisitions including Villa Olive in Burbank, Casa Laguna in Los Angeles, Union Bay Apartments in Seattle, and Ancelle in Koreatown.

Louise is located at 720 N Louise St and Windsor at 1377 E Windsor Rd.

Related:

Syracuse, NY
The Victory at Syracuse properties provide residents ultimate convenience by being within walking distance to Marshall St and all of SU’s primary facilities. Visit Syracuse Student Housing

Michigan
Within a half-mile from campus, the Victory at MSU properties provide residents ultimate convenience by being within walking distance to East Lansing’s entertainment district between Albert and Grand River Avenue and all of MSU’s primary facilities. Visit MSU Student Housing

Southern California
Heritage Student Housing is transforming the heart of Southern California with its elevated boutique residences. Bike or walk home after your class, take a tour of the Natural History Museum of Los Angeles, watch game at the Los Angeles Memorial Coliseum or take a short trip into downtown for some retail shopping. Visit USC Student Housing

Victory on Paseo offers luxury student housing near SDSU packed with amenities that make college life enjoyable and stress-free. Amenities including a student recreation lounge, pool deck, community and private roof decks, make Victory on Paseo the perfect place for students to create their own community and make a home for themselves in San Diego.
SDSU Student Housing

West Lafayette, Indiana
Victory on Salisbury offers luxury student housing near Purdue University packed with in-unit amenities that make college life enjoyable and stress-free.

Winston-Salem
Victory Villages (formerly Villages at Wake Forest) has everything you need to have the best college experience. Our colorful cottage homes have privacy, plenty of space, and individuality to make your experience feel like a custom home. Visit Wake Forest Student Housing