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 M. Kaplan, mgr., & Milestone Group – Habitat LLC, Kenneth…

John Winslow

March 2, 2018

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.: 2018010338 Closing Date: 1/15/2018 Grantor: Land Securities Investors Ltd. by:…

John Winslow

February 28, 2018

The 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.

Jennifer Hayes

February 26, 2018

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 D/U per acre Closing Date: 2/7 Grantor: Advenir@Saddle Rock LLC,…

John Winslow

February 20, 2018

Value-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

Michelle Askeland

February 19, 2018
Caliber at Flatirons

Developer 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 quarter on Caliber at Flatirons, a 288-unit community on approximately…

Jill Jamieson-Nichols

February 18, 2018

Juanita 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.

Jennifer Hayes

February 18, 2018

Tracking 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

CREJ

February 18, 2018

Apartments within 2 miles of one another yield $106.76M

Adams County 1. Property Location: 101 E. 88th, Thornton Property Description: 322-unit apartment complex, 248,883 sf NRA, YOC 1973, brick and frame construction Land Size: 12.13 acres Seller: Ashford East 88 LLC 400 Galleria Pkwy. E., Ste 400, Atlanta, GA, The Radco Cos., Leslie Thaxton, regional manager – Colorado, 770-272-9330 Buyer: Thornton Multifamily LLC c/o…

John Winslow

February 16, 2018

Inland adds to holdings with $80M buy of Après Apartments

Inland paid $196,078 per unit, for the 408-unit community at 1539 S. Galena Way.

Jennifer Hayes

February 12, 2018