Evergreen Development adds Aurora apartments for $46M

Evergreen Development added an Aurora apartment community to its metro Denver portfolio. It paid $46 million, or $171,641 per unit, for the Turnberry Apartments at Heather Ridge, a 268-unit community, at 2038 S. Vaughn Way. It was sold by Kevlyn Investments Inc. “It’s just an amazing location,” John Blackshire of Transwestern said of the community, […]

Jennifer Hayes

June 22, 2020

Apt. projects set to sprout at RidgeGate

A pair of planned residential communities are bringing higher-density, mixed-use development to the master-planned RidgeGate development.

Jennifer Hayes

June 8, 2020

Priderock purchases Stone Mountain for $83 million

A sought-after Northglenn apartment community sold to a Florida-based investment firm adding to its Colorado multifamily holdings. ​Priderock Capital Partners, in a joint venture with a life insurance company, paid $83 million, or $259,375 per unit, for the 320-unit Stone Mountain Apartment Homes in Northglenn. ​Located at 11625 Community Center Driver, the 15-building community was […]

Jennifer Hayes

June 1, 2020

Denver apartments sell for $31.1 million

Elterra Investments traded out of a trio of smaller central Denver apartment properties and into the 78-unit Garfield Park apartments. The private, local investor paid $18.9 million for Garfield Park, located at 1300 and 1325 Garfield St. in Denver’s Congress Park neighborhood. Robert Bratley of CBRE represented Elterra Investments in the acquisition as well as […]

Jennifer Hayes

May 11, 2020

AMLI plans 300-plus-unit community at the heart of Broadway Park area

AMLI Residential acquired a 2.68-acre parcel along South Broadway where its planning a 300-unit-plus apartment community. AMLI purchased the site at the heart of Broadway Park – a mixed-use infill redevelopment totaling 75 acres and entitled up for up to 10 million square feet of future development. AMLI plans a 300-plus-unit multifamily property on the […]

Jennifer Hayes

May 4, 2020

The Flats on 32nd apt. community sells for $7.5 million

The Flats on 32nd, a 37-unit multifamily community in Denver, recently traded for $7.5 million. JDSM W 2860 32nd Ave LLC purchased The Flats on 32nd from Shinji Wakura, according to public records. Located at 2860 W. 32nd Ave., The Flats on 32nd comprises 10 studios, five one-bedroom and 22 two-bedroom units. The exterior walk-up…

Jennifer Hayes

April 27, 2020

JLL arranges $125M loan for The Quincy

A $125 million loan was arranged for a newly built residential high-rise in the heart of downtown Denver. JLL Capital Markets worked on behalf of the borrower, a joint venture between 1776 Curtis LLC and Pacific Life Co., to secure the 10-year loan for The Quincy, a 359-unit Class A property at Curtis and 17th…

Jennifer Hayes

April 13, 2020

Aspen affordable apts. sell for $50.5 million

A real estate investment, management and construction firm headquartered in Indianapolis paid a record price per unit for an affordable housing property in Aspen. Birge & Held paid $50.5 million, or $338,926 per unit, for the Centennial Aspen community at 100 Luke Short Court. Its price per unit was not the only highest price per…

Jennifer Hayes

April 13, 2020

LoHi apartments trade at record sf price

A record-setting apartment sale in the Lower Highlands recently sold for $7.1 million. An unidentified multifamily investor purchased 3206 Osage St. in Denver, a 20-unit apartment property master leased to Sonder USA. Osage sold with a contract price of $355,000 per unit and a record-setting $707 per square foot. The sale is the highest price…

Jennifer Hayes

April 6, 2020

Crossbeam Capital pays $21.5 million for Aviator

Crossbeam Capital doubled its Colorado Springs multifamily holdings with its purchase of the Aviator apartment community. The firm purchased the 147-unit community at 1670 N. Murray Blvd. from Vukota Capital Management. It paid $21.5 million, or $146,258 per unit, for the community built in 1971. The workforce housing community had been updated within the last…

Jennifer Hayes

March 30, 2020