How multifamily models are evolving
The apartment landscape in metro Denver has changed tremendously over the past decade. Construction of new multifamily assets has added 58,000 units of inventory to the market since 2010.
CREJMay 13, 2019
TruAmerica grows Denver portfolio with Loretto Heights
A Los Angeles-based value-add multifamily investment firm acquired the Loretto Heights apartment community – boosting its local portfolio to more than 2,000 units. TruAmerica Multifamily paid $72.25 million for the 312-unit apartment community at 3400 S. Lowell Blvd. in Denver.
Jennifer HayesApril 28, 2019
Apt. property sells for $51.66M
Developer The Garrett Cos. sold the 164-unit property located at 5403 W. 96th Ave.
Jennifer HayesApril 7, 2019
Apartments off Harmony Road corridor fetch $63.5 million
A Fort Collins apartment community with large units, a like-new clubhouse and abundant amenities within reach was acquired for $63.5 million. Formerly Argyle at Willow Springs, the 280-unit community now is called Alvista Harmony. It’s located at 2002 Battlecreek Drive, just south of the Harmony Road corridor. “You have everything you want about two minutes…
Jill Jamieson-NicholsApril 7, 2019
North Main at Steel Ranch apartments change hands at $67 million
Confluence Cos. sold its North Main at Steel Ranch apartments in Louisville for $67 million, or $293,860 per unit. The 228-unit community at 1724 Steel St. sits on 7.66 acres and features more of a “neighborhood feel” than some of the other new apartment developments in Louisville, according to CBRE Senior Vice President Matt Barnett.…
Jill Jamieson-NicholsApril 6, 2019
BMC, Oak Coast partner on $177M deal
The partnership purchased the Westwood Apartments, Woodhaven Apartments and Timberline Apartments, which will be renovated and rebranded into one community – Ivy Crossing.
Jennifer HayesMarch 31, 2019
Overlook sale sets new record in Springs
The buyer paid $66.5 million, or $251,894 per unit, for the community built in 2018, which was 80 percent occupied at the time of sale.
Jennifer HayesMarch 17, 2019
Denver apartments change hands
Denver County Property Location: 605 26thSt., Denver, “Wise Harris Arms Apartments” Property Description: 23-unit, two-story apartment, 12,390 sf, YOC 1889, renovated in 2017, brick construction (all one-bedroom units) Land Size: 9,394 sf Sales Price: $3.03M, or $131,522 per door, or $244.15 psf Reception No.: 2019016927 Closing Date: 2/13 Grantor: 2445 Lawrence LLC (Jason Koch & Rawleigh Pyne,…
John WinslowFebruary 26, 2019
Property sells for 292 apartment units
Denver County Property Location: SEC West 16th Ave. & Grove St., 1570 Grove, Denver Property Description: Land value, proposed seven-story, 292-unit apartment Land Size: 91,897 sf Sales Price: $13.2M, or $143.64 psf, or $45,205 per buildable unit Density: 138.39 d/u per acre Reception No.: 2019013464 Closing Date: 2/6 Grantor: JP Grove LLC, c/o Jordon Perlmutter Co., Jay Perlmutter, mgr.…
John WinslowFebruary 22, 2019
SLC breaks ground on Rêve Boulder
Southern Land Co. (SLC), announced on Tuesday that it has broken ground on its long-awaited mixed-use community across from the new Google campus in Boulder. The six-acre, four-building Rêve Boulder, at 30th and Pearl Streets, is across from Google’s new office campus. Rêve Boulder will include luxury apartments, retail and office space. It marks SLC’s…
John RebchookFebruary 20, 2019