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 WinslowMarch 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 WinslowFebruary 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 HayesFebruary 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 WinslowFebruary 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 AskelandFebruary 19, 2018
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-NicholsFebruary 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 HayesFebruary 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
CREJFebruary 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 WinslowFebruary 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 HayesFebruary 12, 2018