A Colorado-based investment group made its first acquisition in Colorado Springs with the highest per-unit price ever for a multifamily asset in the Southern Colorado city. Mountain View Capital paid $52.6 million, or $263,000 per unit, for the 200-unit Volta at Voyager community. The sale of Volta at Voyager just eclipsed the previous highest-per-unit-price of […]

An apartment community situated at Thornton’s highest point recently sold for $53.6 million. KG Berkeley Investors LLC paid $243,636 per unit and $259 per square foot for Highpointe Park, a 220-unit multifamily property at 9701 Pearl St. Hamilton Zanze sold the community, which was 94.1% occupied at the time of sale, at a 4.38% cap […]

Oak Coast Properties continues to add to its Colorado portfolio with its purchase of Cottonwood Terrace. The Southern California based investment firm paid $37.25 million for the 200-unit community at 2864 Dublin Blvd. – its first Colorado Springs community – where it is planning a $1.5 million renovation to the property as part of a […]

A national investment real estate company launched its $100 million equity investment fund with its purchase of an Englewood site where its planning The Clarkson, a market-rate multifamily development. Newport Beach, California based MIG Real Estate LLC paid $3.4 million to a private seller for the 1.04-acre site at South Clarkson Street and East Jefferson […]

Greystar added another apartment asset to its portfolio with its purchase of Champions Park Apartments in Thornton. Greystar paid a reported $119 million, or $247,917 per unit, for the 480-unit community, renamed Avana Thornton Station. Eaton Vance’s real estate investment group, according to public records, sold the property, which it purchased in 2012 for $68.26 […]

Vacancy increased by 21 basis points during the second quarter to 6.42% in contrast to the historic vacancy decreases typically seen in the months leading up to summer – a clear demonstration that the pandemic has had an effect on the metro Denver rental market, according to Apartment Insights’ Statistics Trends Summary. The report on […]

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, […]

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

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 […]

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 […]