Denver metro apt. vacancy rates show effect of pandemic
Vacancy increased by 21 basis points during the second quarter to 6.42% in contrast to the historic vacancy decreases typically seen in the months leading up to summer – a […]
Jolene Wollett
July 12, 2020Evergreen Development adds Aurora apartments for $46M
Evergreen Development added an Aurora apartment community to its metro Denver portfolio. It paid $46 million, or $171,641 per unit, for the Turnberry Apartments at Heather Ridge, a 268-unit community, […]
Jolene Wollett
June 22, 2020Apt. projects set to sprout at RidgeGate
A pair of planned residential communities are bringing higher-density, mixed-use development to the master-planned RidgeGate development.
Jolene Wollett
June 8, 2020Priderock purchases Stone Mountain for $83 million
A sought-after Northglenn apartment community sold to a Florida-based investment firm adding to its Colorado multifamily holdings. Priderock Capital Partners, in a joint venture with a life insurance company, paid […]
Jolene Wollett
June 1, 2020Denver apartments sell for $31.1 million
Elterra Investments traded out of a trio of smaller central Denver apartment properties and into the 78-unit Garfield Park apartments. The private, local investor paid $18.9 million for Garfield Park, […]
Jolene Wollett
May 11, 2020AMLI plans 300-plus-unit community at the heart of Broadway Park area
AMLI Residential acquired a 2.68-acre parcel along South Broadway where its planning a 300-unit-plus apartment community. AMLI purchased the site at the heart of Broadway Park – a mixed-use infill […]
Jolene Wollett
May 4, 2020The Flats on 32nd apt. community sells for $7.5 million
The Flats on 32nd, a 37-unit multifamily community in Denver, recently traded for $7.5 million. JDSM W 2860 32nd Ave LLC purchased The Flats on 32nd from Shinji Wakura, according to public records. Located at 2860 W. 32nd Ave., The Flats on 32nd comprises 10 studios, five one-bedroom and 22 two-bedroom units. The exterior walk-up…
Jolene Wollett
April 27, 2020JLL arranges $125M loan for The Quincy
A $125 million loan was arranged for a newly built residential high-rise in the heart of downtown Denver. JLL Capital Markets worked on behalf of the borrower, a joint venture between 1776 Curtis LLC and Pacific Life Co., to secure the 10-year loan for The Quincy, a 359-unit Class A property at Curtis and 17th…
Jolene Wollett
April 13, 2020Aspen affordable apts. sell for $50.5 million
A real estate investment, management and construction firm headquartered in Indianapolis paid a record price per unit for an affordable housing property in Aspen. Birge & Held paid $50.5 million, or $338,926 per unit, for the Centennial Aspen community at 100 Luke Short Court. Its price per unit was not the only highest price per…
Jolene Wollett
April 13, 2020LoHi apartments trade at record sf price
A record-setting apartment sale in the Lower Highlands recently sold for $7.1 million. An unidentified multifamily investor purchased 3206 Osage St. in Denver, a 20-unit apartment property master leased to Sonder USA. Osage sold with a contract price of $355,000 per unit and a record-setting $707 per square foot. The sale is the highest price…
Jolene Wollett
April 6, 2020