Volta at Voyager sale sets record

A Colorado-based investment group made its first acquisition in Colorado Springs with the highest per-unit price ever for a multifamily asset in the Southern Colorado city. Mountain View Capital paid $52.6 million, or $263,000 per unit, for the 200-unit Volta at Voyager community. The sale of Volta at Voyager just eclipsed the previous highest-per-unit-price of […]

Jennifer Hayes

September 14, 2020

Highpointe Park community trades for $53.6 million

An apartment community situated at Thornton’s highest point recently sold for $53.6 million. KG Berkeley Investors LLC paid $243,636 per unit and $259 per square foot for Highpointe Park, a 220-unit multifamily property at 9701 Pearl St. Hamilton Zanze sold the community, which was 94.1% occupied at the time of sale, at a 4.38% cap […]

Jennifer Hayes

August 31, 2020

Oak Coast invests in Colorado Springs with Cottonwood buy

Oak Coast Properties continues to add to its Colorado portfolio with its purchase of Cottonwood Terrace. The Southern California based investment firm paid $37.25 million for the 200-unit community at 2864 Dublin Blvd. – its first Colorado Springs community – where it is planning a $1.5 million renovation to the property as part of a […]

Jennifer Hayes

August 23, 2020

California-based MIG Real Estate to develop The Clarkson

A national investment real estate company launched its $100 million equity investment fund with its purchase of an Englewood site where its planning The Clarkson, a market-rate multifamily development. Newport Beach, California based MIG Real Estate LLC paid $3.4 million to a private seller for the 1.04-acre site at South Clarkson Street and East Jefferson […]

Jennifer Hayes

July 20, 2020

Greystar pays $119M for Thornton apts.

Greystar added another apartment asset to its portfolio with its purchase of Champions Park Apartments in Thornton. Greystar paid a reported $119 million, or $247,917 per unit, for the 480-unit community, renamed Avana Thornton Station. Eaton Vance’s real estate investment group, according to public records, sold the property, which it purchased in 2012 for $68.26 […]

Jennifer Hayes

July 13, 2020

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 clear demonstration that the pandemic has had an effect on the metro Denver rental market, according to Apartment Insights’ Statistics Trends Summary. The report on […]

Jennifer Hayes

July 12, 2020

Evergreen 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, at 2038 S. Vaughn Way. It was sold by Kevlyn Investments Inc. “It’s just an amazing location,” John Blackshire of Transwestern said of the community, […]

Jennifer Hayes

June 22, 2020

Apt. 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.

Jennifer Hayes

June 8, 2020

Priderock 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 $83 million, or $259,375 per unit, for the 320-unit Stone Mountain Apartment Homes in Northglenn. ​Located at 11625 Community Center Driver, the 15-building community was […]

Jennifer Hayes

June 1, 2020

Denver 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, located at 1300 and 1325 Garfield St. in Denver’s Congress Park neighborhood. Robert Bratley of CBRE represented Elterra Investments in the acquisition as well as […]

Jennifer Hayes

May 11, 2020