The firm paid $14M for 2 properties; with improvements planned

By Greg Cornfield | September 24, 2018 03:00PM

Champion Real Estate Company is doubling up on its investment in Glendale multifamily projects this year.

The company said it paid $14.12 million for two apartment properties in Glendale. This comes after the firm bought two other apartment complexes in Glendale for $33.6 million earlier this year.

The most recent acquisition includes a 36-unit apartment community at 348 W. Chevy Chase Drive, and a 26-unit community at 1119-1123 E. Elk Ave. Champion will begin a $2.6-million renovation for both the interior and exterior. The plan includes retrofitting both properties and addressing deferred maintenance issues, Champion explained in a release.

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