Lone Tree apartments snagged by Braddock and Logan for $110.85 million
Douglas County Property Location: 10047 Park Meadows Drive, Lone Tree Property Description: 400-unit apartment complex, 400,196 sf, plus 9,416-sf retail space, YOC 2003; 550 surface parking spaces, 121 detached garages Land Size: 14.46 acres Density: 27.66 units per acre Sales Price: $110.85M, or $277,125 per unit, or $270.62 per sf Reception No.: 2018004992 Closing Date:…
John Winslow
February 8, 2018Seagate acquires Park Place apts.
The Park Place Olde Town Apartments traded for $46.58 million, or $304,444 per unit
Jolene Wollett
February 5, 2018Bella Springs Apts. sell for $71 million
The 364-unit community at 1050 Milano Point in north Colorado Springs was sold by Praedium Group of New York.
Jolene Wollett
February 5, 2018Ohio investment group snags 1980s apartments for $50 million
Arapahoe County Property Location: 4957 S. Prince Court, Littleton, “Summit Riverside Apts.” Property Description: 248-unit, three-story apartment with 198,032 rentable sf, YOC 1987, frame (22 studios, 144 one-bedroom units and 82 two-bedroom units) Land Size: 10.049 acres Sales Price: $50M, or $201,613 per door, or $252.48 psf Reception No.: D8007969 Density: 24.68 dwelling units per…
John Winslow
January 30, 2018LaSalle acquires ‘textbook’ property in Highlands Ranch
LaSalle Investment Management acquired a “textbook” value add apartment property in Highlands Ranch.
Jolene Wollett
January 29, 2018Logan Apartments near state Capitol sells for $16.3 million
Denver County Property Location: 619 Logan St., Denver, “The Logan Apartments” Property Description: 57-unit, five-story apartment building, 34,954 sf, YOC 2012, brick/stucco and wood siding, 49 parking space underground garage plus two open spaces Land Size: 17,425 sf Density: 142.5 units per acre Sales Price: $16.3M, or $285,965 per unit, or $466.33 psf Reception No.:…
John Winslow
January 23, 2018The Rail at Inverness sells for $52M
The 219-unit garden-style community sold for $52 million, according to public records, to Jackson Square Properties.
Jolene Wollett
January 21, 2018Jackson Creek apts. sell for $57.82M
The buyer, a private investment group, paid more than $216,000 per unit for the Vistas at Jackson Creek, a 267-unit community approximately one-half mile east of Interstate 25.
Jolene Wollett
January 15, 2018Fort Collins affordable housing buildings get serious makeover
Housing Catalyst is undertaking a major rehabilitation of three affordable housing communities that comprise the Village on Shields in Fort Collins. In all, 22 buildings with 285 units will receive an extensive makeover, and a long-shuttered community building will be brought back to life as part of the multimillion-dollar project. The renovations are being funded…
Kris Oppermann Stern
January 14, 2018Skyline apartments in Aurora sell for $17.1 million
Arapahoe County Address: 456 S. Ironton St., Aurora Improvements: 112-unit, four-story apartment w/95,164 sf, YOC 1974 Land Size: 3.129 acres Density: 36.43 units per acre Date of Recording: 12/28 Reception No.: 2017169188 Price: $17.1M, or $152,679 per door, or $179.69 psf Grantor: South Ironton Street Apartments LLC, Jerome Fink, mgr., Bascom Group Grantee: Skyline View…
John Winslow
January 11, 2018