The 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.

Jennifer Hayes

December 22, 2017

1970s 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

Cortland adds Lakecrest for $101 million

Cortland Partners paid $101 million, or $229,545 per unit and $236.86 per square foot, for the Lakecrest at Gateway Park, a 440-unit apartment community in Denver.

Jennifer Hayes

December 18, 2017

600-unit Aurora apartment complex fetches $96 million

Arapahoe County Address: 11850 E. Maple Ave., Aurora, “Aurora Hills Apartments” Land Size: 47 acres Improvements: 600-unit, two- to three-story apartment complex, 550,264 sf, YOC 1970, 1974 Date of Recording: 12/12 Reception No.: 2017161763 Price: $96M, or $160,000 per door, or $174.46 psf Grantor: 11850 East Maple GP LLC, James Kane, mgr. Grantee: Maple Owner…

John Winslow

December 18, 2017

Englewood apartments sell to Jackson Square for $52 million

Arapahoe County Address or Location: 10001 E. Dry Creek Road, Englewood, “The Rail @ Inverness” Land Size: 7.629 acres Improvements: 219-unit, five-story apartment, YOC 2007, 179,537 sf “rentable area,”,brick & frame construction Density: 28.7 units per acre Date of Recording: 12/5 Reception No.: D7138224 Price: $52M, or $237,443 per door, or $289.63 psf Grantor: Holland…

John Winslow

December 14, 2017

Atlanta investor closes $101 million apartment deal in northeast Denver

Denver County Address: 4699 N. Kittredge St., Denver, “Lakecrest @ Gateway Park Apts.” Improvements: 440-unit apartment, 426,510 sf, YOC 2001 Land Size: 15.22 acres Density: 28.91 units per acre Date of Recording: 11/21 Reception No.: 2017152985 Price: $101M, or $229,545 per door, or $218.49 psf Grantor: Kittredge Street Apartments LLC c/o The Bascom Group LLC,…

John Winslow

December 11, 2017

Pathfinder Partners pads portfolio with purchase

Pathfinder plans to renovate and rebrand the community as The Hadley Apartments as well as upgrade the amenity package.

Jennifer Hayes

December 10, 2017
Uptown Broadway

Cardinal comes home with $35M apartment purchase in Boulder

A Denver company with thousands of apartment units across the country paid $35 million, or $301,724 per unit, for its first Boulder asset. Cardinal Group Investments purchased Uptown Broadway from an affiliate of Los Angeles-based CityView. The transaction included 116 units in 10 buildings at 4590 13th St. Uptown Broadway also has 32 affordable-housing units…

Jill Jamieson-Nichols

December 3, 2017
AMLI Interlocken

Green living is important part of apartment life

Colorado’s booming housing market is creating uniquely greener lifestyle options for residents and newcomers. Much of Colorado’s recent real estate growth has been focused on multifamily living,

CREJ

November 27, 2017

Springs achieves highest rent growth in area

These are rare circumstances we’re experiencing in Colorado Springs – accelerating job growth, 7 percent apartment rent growth, 4 percent market vacancy and restrained apartment development. Colorado

CREJ

November 27, 2017