Modera Glendale, a 235-unit luxury community, traded for $126 million. The property was acquired by Graysar from Mill Creek Residential and will be rebranded as “The Adeline,” pricing the deal at approximately $536,000 per unit.
In this video, we break down what this transaction tells us about today’s market:
• Continued strength in luxury multifamily across Los Angeles County
• Investor confidence in high-demand rental markets like Glendale
• Per-unit pricing trends signaling long-term value expectations
• Multifamily outperforming other asset classes, even as major retail deals close
While recent retail transactions, including a $108M deal in Torrance, have made headlines, multifamily continues to quietly dominate as one of the most stable and sought-after investment categories.
For investors, this deal reinforces a clear trend: well-located, high-quality apartment assets remain a core driver of capital in Southern California.
Looking to buy or sell multifamily property?
Explore opportunities or request a valuation.
Maher Commercial Realty specializes in multifamily, retail, land, NNN, and automotive properties across California. We help clients identify high-performing assets and maximize value through strategic positioning.
Follow this channel for breaking deals, market insights, and commercial real estate opportunities across Southern California.
#MultifamilyInvesting #CommercialRealEstate #CRE #LosAngelesRealEstate #ApartmentInvesting #RealEstateInvesting #SoCalRealEstate
