Amidi Real Estate Group has secured $125 million in financing for a newly built residential building in downtown Glendale. Oaktree Capital Management provided the financing for the 228-unit TenTen Campus at 414 North Orange Street, according to JLL, which arranged the deal. The funding injection allows Redwood City-based Amidi to retire existing debt and preferred equity and provides capital for continued operations as the property approaches full stabilization, Multi-Housing News reported. Amidi received a temporary certificate of occupancy for the building in November 2024 and began leasing this February, reaching 95 percent occupancy by the time the Oaktree deal closed. […]
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