Blackstone offloaded the 412-unit Arrowhead Summit apartment community in Glendale for $101.35 million. Blackstone sold the property for considerably less than it paid. The company paid $123.6 million for the rental property in 2021. Built in 1999 by Fairfield Residential, Blackstone bought the property from Cortland Partners, which paid $60.55 million for the property in […] The post Blackstone Takes Loss on the Sale of Arrowhead Summit Apartme…
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