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Headline NewsOpenPath Investments purchases Arbors at Sweetgrass
There were double-digit offers for a Fort Collins apartment community that sold to a 1031 exchange buyer for $47 million. Arbors at Sweetgrass drew “a ton” of investor interest from private investors and institutionally backed funds, according to CBRE Executive Vice President David Potarf. OpenPath...
By Jill Jamieson-Nichols1061 -
Headline NewsGrandbridge closes $44 million refinance loan for Fort Collins apts.
A $44 million first mortgage was secured by a 310-unit apartment community in Fort Collins.
By Jennifer Hayes987 -
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Subscriber ContentGriffis/Blessing pays $21 million for Western Hills apts.
The Colorado Springs-based firm paid $21 million in a value-add deal for the 152-unit community at 810 Western Drive in the burgeoning airport submarket.
By Jennifer Hayes678 -
Headline NewsThe Huron sells for $100.5 million
Denver-based Griffis Residential paid $100.5 million for The Huron, a newly built apartment asset in the Union Station North Neighborhood.
By Jennifer Hayes1048 -
Comp of the Day1970s apartment complex fetches $63.7 million
Broomfield County Address: 1030-1049 E. 10th Ave., Broomfield Improvements: 209-unit, three-story apartment complex, YOC 1973 (five buildings); and 213-unit, three-story walk-up apartment complex, 1974, 21 buildings, total 422 units Date of Recording: 12/4 Reception No.: 2017014873 & 2017014878 (2 deeds combined) Price: $63.7M, or $147,000...
By John Winslow859 -
Headline NewsCortland adds Lakecrest for $101 million
Cortland Partners paid $101 million, or $229,545 per unit and $236.86 per square foot, for the Lakecrest at Gateway Park, a 440-unit apartment community in Denver.
By Jennifer Hayes1621 -
Comp of the Day
600-unit Aurora apartment complex fetches $96 million
Arapahoe County Address: 11850 E. Maple Ave., Aurora, “Aurora Hills Apartments” Land Size: 47 acres Improvements: 600-unit, two- to three-story apartment complex, 550,264 sf, YOC 1970, 1974 Date of Recording: 12/12 Reception No.: 2017161763 Price: $96M, or $160,000 per door, or $174.46 psf Grantor: 11850...
By John Winslow1279 -
Comp of the Day
Englewood apartments sell to Jackson Square for $52 million
Arapahoe County Address or Location: 10001 E. Dry Creek Road, Englewood, “The Rail @ Inverness” Land Size: 7.629 acres Improvements: 219-unit, five-story apartment, YOC 2007, 179,537 sf “rentable area,”,brick & frame construction Density: 28.7 units per acre Date of Recording: 12/5 Reception No.: D7138224 Price:...
By John Winslow886 -
Comp of the Day
Atlanta investor closes $101 million apartment deal in northeast Denver
Denver County Address: 4699 N. Kittredge St., Denver, “Lakecrest @ Gateway Park Apts.” Improvements: 440-unit apartment, 426,510 sf, YOC 2001 Land Size: 15.22 acres Density: 28.91 units per acre Date of Recording: 11/21 Reception No.: 2017152985 Price: $101M, or $229,545 per door, or $218.49 psf...
By John Winslow1037 -
* Subscriber Content
Subscriber ContentPathfinder Partners pads portfolio with purchase
Pathfinder plans to renovate and rebrand the community as The Hadley Apartments as well as upgrade the amenity package.
By Jennifer Hayes455