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Comp of the DayInvestor lands Applewood Apartments for $7M
Jefferson County Property Location: 1975 Oak St., Lakewood, “The Applewood Apartments” Property Description: 42-unit apartment complex, 4 buildings, 34,150 sf, YOC 1973, brick construction, 74 carports & 38 interior storage units Land Size: 2.44 acres Sales Price: $7.01M, or $166,786 per door, or $205.12 per sf Reception...
By John Winslow798 -
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Subscriber ContentAdvenir at Saddle Rock apts. sell for $72.18 million
Advenir at Saddle Rock, renamed The Fletcher Southlands, also is located near Southlands and is equidistant from the Anschutz Medical Campus and the Denver Tech Center.
By Jennifer Hayes528 -
Comp of the Day
Lafayette apartments sold to Buchanan Street Partners for $60.25 million
Boulder County Property Location: 695 South Lafayette Dr., Lafayette Property Description: 240-unit apartment complex, 214,560 sf, YOC 2014 Land Size: 10.483 acres Sales Price: $60.25M, or $251,042 per unit Density: 22.89 units per acre Reception No.: 03639624 Closing Date: 2/1 Grantor: Imago Lafayette LLC, Lester...
By John Winslow822 -
Comp of the Day
Embrey Partners acquires 21.23 acres for $7.25 million
Jefferson County Property Location: S/S C-470, approx. 1,000’ west of S. Kipling Blvd., also fronts northwest side of W. Toller Drive Property Description: Vacant land, proposed 345 units Land Size: 21.23 acres Sales Price: $7.25M, or $21,014 per buildable unit, or $7.84 psf Reception No.:...
By John Winslow1292 -
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Subscriber ContentThe Bluffs at Castle Rock apartments sell for $50M
Security Properties plans to make improvements to the 220-unit, Class B-plus property built in 1998.
By Jennifer Hayes617 -
Comp of the Day
Chicago investor saddles up for $72.5 million apartment deal
Arapahoe County Property Location: 22959 Smoky Hill Road, Aurora, “Advenir at Saddle Rock Apts.” Property Description: 320-unit, three-story apartment with 345,368 sf rentable, YOC 1987, frame Land Size: 23.13 acres Sales Price: $72.5M, or $226,563 per door, or $209.92 psf Reception No.: D8007969 Density: 24.68...
By John Winslow777 -
Multifamily Properties QuarterlyValue-add market continues its competitive pace
Value-add properties are as in demand as ever, making the market a reliably competitive asset class for multifamily investors across Colorado. In general, a value-add opportunity represents a multifamily asset in which a new
By Michelle Askeland2037 -
Headline NewsDeveloper avoids ruffling feathers with residential-style apts.
A new apartment community on the U.S. Highway 36 corridor will feel a lot like a single-family neighborhood, and its developer is taking steps to ensure it’s a good neighbor – particularly to one specific resident. The Garrett Cos. will break ground in the second...
By Jill Jamieson-Nichols2232 -
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Subscriber ContentJuanita Nolasco Apts. sell for $31.25M
The real estate advisers group of Greystone Real Estate Advisors Inc., a real estate lending, investment and advisory company, closed on the sale of the Juanita Nolasco Apartments at 4550 W. Ninth Ave.
By Jennifer Hayes570 -
Multifamily Properties QuarterlyTracking Denver’s apartment concessions activity
While outsized rent hikes and affordability concerns have dominated the headlines in Denver's apartment market in recent years, our robust apartment data set reveals that the environment has become materially more favorable to
By CREJ1833