Clovis-based IDEAL Capital Group has purchased the 325-unit Sentio apartments in Glendale, Arizona. Image via mark-taylor.com

Clovis based IDEAL Capital group announced the acquisition of Sentio in Glendale, Arizona. The $108 million asset represents the firm’s fourth multifamily acquisition in the metro since 2021.

“We are extremely bullish on the long-term economic outlook for Phoenix and TSMC’s presence in the submarket will continue to attract additional companies and create more jobs around the community,” said Kevin Conway, managing director of IDEAL, in a news release. 

IDEAL plans to own and operate Sentio on behalf of its 1031 exchange investors for the long-term, optimizing steady, passive cash flow during the hold period.

Sentio is located at 3600 W Happy Valley Rd and the property features 325 units of newly constructed apartments. Each apartment features state-of- the-art unit and common area amenities boasting a Silver Certification rewarding the site for its sustainability and design under US Green Building Council’s Leadership in Energy and Environmental Design.

Sentio is a 10-minute drive from the new $40 billion Taiwan Semiconductor Manufacturing Company fabrication plant. USAA’s regional headquarters with over 5,500 full-time jobs are two blocks from the property along with major outposts for American Express, Honeywell and more. 

The property features a mix of one-, two- and three-bedroom units with in-unit washers and dryers, stainless steel appliances, and smart home technology packages. The community features a modern fitness center and clubhouse, co-working stations, a dog park and wash station, resort-style swimming pool, and bike storage.