Standard Communities announced it has led a public-private partnership that acquired The Link Apartments, a 143-unit community in Glendale, CA, using California’s innovative public-private partnership structure designed to facilitate the creation of middle-income housing.
Standard said it served as project administrator and collaborated with CSCDA Community Improvement Authority, Stifel Nicolaus & Company, Faring and the City of Glendale on this transaction. CSCDA Community Improvement Authority now owns the community. The total capitalization of this transaction is more than $100 million, Standard said.
The Link Apartments, a luxury apartment community located at 3909 San Fernando Road in Glendale, is a mixed-use development with 143 one- and two-bedroom apartments. Built in 2020, the five-story community sits on 1.06 acres and features 13,520 square feet of ground-floor retail space.
