Firm acquires 390-unit Denver apartment for $128.7 million

Denver County Address or Location: 3500 Rockmont Drive, Denver, “Westend Apartments” Improvements: 390-unit apartment, with 343,138 rentable sf, YOC 2015. There are 251 one-bedroom/one-bath units ranging from 579 sf to 853 sf. The rental rates range from $2.05 to $2.71 per sf. The remaining 139 units consist of two-bedroom/two-bath units ranging from 1,043 to 1,463…

John Winslow

April 11, 2018

One Dartmouth Place apartments sell for $65.5 million

Besyata Investment Group and The Scharf Group acquired the 418-unit community at 11100 E. Dartmouth Ave. in Denver.

Jennifer Hayes

April 8, 2018

BMC invests in Aurora workforce housing

Denver-based BMC Investments paid $31.5 million, or $111,702 per unit, for Vista Park, a 282-unit, value-add asset at 12707 E. Mississippi Ave.

Jennifer Hayes

April 8, 2018
Denver

Denver real estate a relative bargain

Denver real estate is a bargain...at least if you are coming from San Francisco. Pilot John R. Tennyson late last year moved from San Francisco to Denver. Tennyson, a pilot with Southwest Airlines, brings a mile-high perspective to the Mile High city's real estate, which has never been more expensive. In Denver, Tennyson was able to buy…

John Rebchook

April 4, 2018

Buchtel Park Apartments sells for $46.25M

The community, renamed RedPeak Colorado Station, which spans seven buildings, was constructed in 1963 and 1971 on 9 acres of “parklike” grounds.

Jennifer Hayes

March 25, 2018

Lakewood community sells for $124M

The Village at Bear Creek sold for $124 million, according to public records.

Jennifer Hayes

March 25, 2018

Aurora apartment complex acquired by Denver investor

Adams County Property Location: 12170 E. 30th Ave., Aurora Property Description: 66-unit, three-story, apartment w/38,574 sf, YOC 1969, Land Size: 1.18 acres Sales Price: $7.2M, or $109,091 per door, or $186.65 psf Reception No.: 2018000017579 Closing Date: 2/28 Grantor: Abrigo Apartments LLC, Keith Joseph, mgr. Grantee: Vesta CO LLC c/o IWP Wealth Management, Charles Willhoit,…

John Winslow

March 19, 2018

Similar style apartments snagged for $4.2M each

Arapahoe and Denver counties Property Location: 1. 3505-3515 S. Knox Court, Sheridan, & 2. 1860 S. Grove St., Denver Property Description: 1. 18-unit (two buildings), two-story walk-up apartment w/11,380 sf, YOC 1961; 2. 18-unit, two-story, brick, garden-level apartment, YOC 1961, 12,253 sf Land Size: 1. 25,265 sf, 2. 12,576 sf Sales Price: Arapahoe: $2.1M; Denver $2.1M, total…

John Winslow

March 16, 2018

IMT Lone Tree trades for $110.85 million

Nine-figure sales continue to close across metro Denver’s multifamily market, including the reported $110.85 million sale of IMT Lone Tree.

Jennifer Hayes

March 11, 2018

Investor 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 No.: 2018007922 Closing Date: 1/25 Grantor: Lewis Joliet Applewood LLC, John…

John Winslow

March 6, 2018