Park Place Olde Town welcomes new year with $46.6 million sale
Jefferson County Address: 5743 Teller St., Aurora, “Park Place Olde Town” Improvements: 153-unit, five story apartment w/132,129 sf, YOC 2016 Land Size: 2.97 acres Density: 51.52 units per acre Date of Recording: 1/4 Reception No.: 2017169188 Price: $46.58M, or $304,444 per door, or $352.53 psf Grantor: Park Place Olde Town Apartments LLC, Mark Goldberg &…
John Winslow
January 10, 2018Dylan Apartments trade for $90.6M
IRET Properties made its inaugural investment in the Denver market with its purchase of the 274-unit Dylan Apartments
Jolene Wollett
January 7, 2018Denver apartments change hands at $7.21 million
Denver County Address or Location: 1380 Steele St., Denver Improvements: 34-unit, six-story midrise apartment, 22,848 sf, YOC 1963, masonry construction with underground parking garage. Land Size: 17,237 sf Date of Recording: 12/28 Reception No.: 2017169188 Price: $7.21M, or $211,971 per door, or $315.43 psf Grantor: Wilson Partners III GP, Eric R. Wilson, GP Grantee: 1380…
John Winslow
January 5, 2018Griffis Group acquires 296 units for $100.5M
Denver County Address: 2975 Huron St., Denver, “Union Station North” Land Size: 2.47 acres Improvements: Five-story, 296-unit apartment complex w/253,080 sf, YOC 2017* Date of Recording: 12/15 Reception No.: 2017164456 Price: $100.5M, or $339,527 per unit, or $397.11 psf Grantor: Edwards Prospect Park LLC, Jeffrey W. Edwards, mgr., 495 S. High St., Suite 150, Columbus,…
John Winslow
January 2, 2018Inland adds Union West for $81 million
Inland paid more than $303,000 per unit for the 267-unit community at 35 Van Gordon St. in Lakewood.
Jolene Wollett
December 29, 2017OpenPath Investments purchases Arbors at Sweetgrass
There were double-digit offers for a Fort Collins apartment community that sold to a 1031 exchange buyer for $47 million. Arbors at Sweetgrass drew “a ton” of investor interest from private investors and institutionally backed funds, according to CBRE Executive Vice President David Potarf. OpenPath Investments, a California company focused on “socially responsible” investments, bought…
Kris Oppermann Stern
December 24, 2017Grandbridge closes $44 million refinance loan for Fort Collins apts.
A $44 million first mortgage was secured by a 310-unit apartment community in Fort Collins.
Jolene Wollett
December 23, 2017Griffis/Blessing pays $21 million for Western Hills apts.
The Colorado Springs-based firm paid $21 million in a value-add deal for the 152-unit community at 810 Western Drive in the burgeoning airport submarket.
Jolene Wollett
December 22, 2017The Huron sells for $100.5 million
Denver-based Griffis Residential paid $100.5 million for The Huron, a newly built apartment asset in the Union Station North Neighborhood.
Jolene Wollett
December 22, 20171970s apartment complex fetches $63.7 million
Broomfield County Address: 1030-1049 E. 10th Ave., Broomfield Improvements: 209-unit, three-story apartment complex, YOC 1973 (five buildings); and 213-unit, three-story walk-up apartment complex, 1974, 21 buildings, total 422 units Date of Recording: 12/4 Reception No.: 2017014873 & 2017014878 (2 deeds combined) Price: $63.7M, or $147,000 per door Grantor: FPA5 Birch LLC c/o Trinity Property Consultants…
John Winslow
December 20, 2017