RevereCRE

The ONE @ Glendale

18255 N 83rd Ave, Glendale, AZ 85308, United States

The ONE @ Glendale

Ground-Up Multifamily Development | Glendale, AZ

Deal Size
$149 M
IRR Percent
20.7%
Target Investment Period
3.3 Year(s)

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Talos Holdings was formed to create a legacy for our venture partners and enrich the daily living of our residents. We seize opportunities in high barrier-to-entry markets and engage operators to achieve above market returns by providing them with the entrepreneurial freedom they need to stay competitive and execute the task at hand. The relationships we've built over the years are the cornerstone of our success and we're focused on structuring quality investments for our partners and building quality residential communities.

Capital Stack

  • Co-GP Equity

    $2.98 M · 2%

  • Lp-JV Equity

    $56.7 M · 38.05%

  • Permanent Loan

    $89.51 M · 60.07%

Property Type
Multifamily
Deal Type
Development
Risk Profile
Opportunistic

EXECUTIVE SUMMARY:

The ONE @ Glendale is a Class A Ground-Up Multifamily Development. It is located at the intersection of West Bell Road and Arizona State Route 101 Loop Beltway. The ONE @ Glendale spans across 16.1 acres and includes 418 high-end residential apartments, 100 garages, and 300 covered parking spaces.

 

Each unit will be finished with crown molding and wood & ceramic flooring. Luxurious, best-in-class amenities will include: a fitness center, a pool with "in-water" sun decks, dog grooming facility, bocce court, and horseshoe pits.

 

The ONE @ Glendale is being developed and sponsored by Talos Holdings, LLC. Talos Holdings (the “Sponsor”), brings decades of experience with over 5,000 units in both ground-up development and value-add acquisitions. The Sponsors have recently completed Class A apartment communities in Texas, Florida, Colorado, and Kansas.

 

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