McWhinney enters Longmont market with Clovis Point

A 208-unit apartment community off the Diagonal Highway in Longmont is set to deliver its first units in mid-2020. Clovis Point is McWhinney’s first development in Longmont, a community it has been eyeing for some time. “McWhinney has been exploring various development opportunities in Longmont over a number of years, so we are pleased to…

Jill Jamieson-Nichols

June 29, 2019
Greens at Van de Water

Loveland apartments sell in $206.5 million portfolio deal

The Lake Vista and Greens at Van de Water apartment communities in Loveland sold as part of a $206.5 million portfolio deal that also included Arbour Square in Westminster. Colorado Multifamily Portfolio DST, sponsored by Inland Private Capital Corp., sold the 855-unit portfolio to Blackstone Real Estate Income Trust, according to public records. “The sale…

Jill Jamieson-Nichols

June 14, 2019
The Vibe

Milestone to bring first of 684 apartment units to Lafayette

An apartment developer known for expansive clubhouses and abundant amenities is bringing his latest community to Lafayette. Ken Kiken of Milestone Apartment Group expects to break ground in early fall on the first phase of a LEED Gold community at the interchange of the Northwest Parkway and U.S. Highway 287. Estimated to cost around $58…

Jill Jamieson-Nichols

May 31, 2019
Rams Crossing

FPA Multifamily buys Fort Collins apartments for $68.5M

A San Francisco-based real estate investment firm acquired an assortment of apartment units in Fort Collins for $68.5 million, or $149,237 per unit. FPA Multifamily LLC bought 459 units of both student housing and conventional apartments. Summit Management Services sold the assets, which include Campus Flats @ Ram’s Crossing/Ram’s Crossing @ Campus, The Lofts @…

Jill Jamieson-Nichols

May 31, 2019

Safari Club Apartments in Denver trade for $16.8 million

RedPeak Properties picked up an “iconic” Denver apartment building at a near record-setting price. The Denver-based firm, which acquires, develops and manages apartments in Denver and along the Front Range, paid $16.8 million all cash for the Safari Club Apartments. The 66-unit building at 990 S. Logan St. in Denver sold for $254,545 per unit…

Jennifer Hayes

May 24, 2019

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.

CREJ

May 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 Hayes

April 28, 2019

Apt. property sells for $51.66M

Developer The Garrett Cos. sold the 164-unit property located at 5403 W. 96th Ave. 

Jennifer Hayes

April 7, 2019
Alvista Harmony

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-Nichols

April 7, 2019
North Main at Steel Ranch

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-Nichols

April 6, 2019