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Greystar buys Glendale, Calif., apartment block for $119M

Greystar Real Estate Partners LLC bought The Griffith, a six-story apartment building in Glendale, Calif., from AFL-CIO Investment Trust Corp. and PNC Realty Investors Inc. for $119 million, the San Fernando Valley Business Journal reported, citing records.

The 220-unit building consists of one-, two- and three-bedroom units and includes facilities such as a fitness center, conference room, gaming area, clubhouse and a pool.

The property was 93% leased at the time of the sale, the publication added, citing CoStar Group Inc.

Greystar did not respond to requests for comment by the San Fernando Valley Business Journal.