In January 2018, Champion purchased two multifamily buildings in the city of Glendale, CA. The purchase was an off-market acquisition that was negotiated simultaneously for the two buildings, totaling 104 market rate apartment units.
The two properties were both built in the early 1970’s, are located less than two miles apart and are prime candidates for a heavy value-add business plan. 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, Champion will provide an upgraded, clean and professionally managed living experience at a steep discount to the new construction.