JLL Capital Markets has secured $125 million in financing for TENTEN Campus, a newly developed multifamily community in downtown Glendale, California.
JLL represented the borrower, Amidi Real Estate Group, in arranging the loan, which was provided by Oaktree Capital Management. The financing supports the next phase of the asset’s stabilization following construction completion.
TENTEN Campus is located at 414 N. Orange St. in downtown Glendale. The property offers direct access to major employment hubs, including Disney, DreamWorks Animation, and other leading entertainment companies.
In addition, the community sits within walking distance of key retail destinations such as Americana at Brand and Glendale Galleria. As a result, residents benefit from both employment proximity and lifestyle convenience.
The eight-story, mid-rise development spans 220,018 square feet and includes 228 Class A residential units. The unit mix consists of studio, one-bedroom, and two-bedroom apartments, with an average unit size of 942 square feet.
The property received its temporary certificate of occupancy in November 2024. Resident move-ins began in February 2025. Since then, the project has recorded strong leasing momentum, reaching 95% occupancy before the financing closed.
TENTEN Campus offers a range of amenities designed for urban renters. These include a resort-style pool and spa, a rooftop terrace with skyline views, a fitness center with steam room and sauna, and a business center.
In addition, the project includes more than 5,200 square feet of ground-floor retail space. Apartment interiors feature floor-to-ceiling windows, stainless steel appliances, in-unit washers and dryers, quartz countertops, and private balconies in select units.
JLL Capital Markets’ Debt Advisory team was led by senior managing director Chris Gandy, along with directors Ethan Habecker and Max Mraz.
“TENTEN Campus represents the newest Class A inventory in a supply-constrained market with strong fundamentals,” said Gandy. “The property’s premium location in downtown Glendale, combined with its high-quality construction and amenity package, positions it well to achieve full stabilization.”
“The Glendale submarket continues to benefit from healthy rental growth, low vacancy rates and limited new supply,” added Habecker. “TENTEN Campus is well-positioned to command top-of-market rents given the limited high-quality multifamily options available to renters.”
The financing enables Amidi Real Estate Group to retire existing construction debt and preferred equity. It also provides operational capital as the property moves closer to full stabilization and leasing concessions phase out.
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