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.
Jolene Wollett
February 26, 2018Chicago 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, 2018Value-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
Kris Oppermann Stern
February 19, 2018Developer 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…
Kris Oppermann Stern
February 18, 2018Juanita 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.
Jolene Wollett
February 18, 2018Tracking 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, 2018Apartments 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, 2018Inland 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.
Jolene Wollett
February 12, 2018Greeley apartment community with upside achieves top dollar
A Greeley apartment community commanded the second-highest price per unit ever achieved in the city with its sale to a California real estate investment firm. Alta Community Investments paid $15.4 million, or $142,593 per unit, for Franklin Flats, a 108-unit community on 4.45 acres at 3208 W. Seventh St. The price per unit was a…
Kris Oppermann Stern
February 11, 2018Value grows by 34.4% on $50 million Castle Rock apartments
Douglas County Property Location: 483 Scott Blvd., Castle Rock, “Bluffs at Castle Rock” Property Description: 220-unit, three-story apartment complex, 200,516 sf, with 11 buildings and a 2,837-sf clubhouse, YOC 1998, frame construction Land Size: 11.024 acres Sales Price: $50M, or $227,273 per unit, or $249.36 per sf Closing Date: 1/31/2018 Reception No.: 2018006612 Density: 19.96…
John Winslow
February 9, 2018