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.
Jolene Wollett
December 18, 2017600-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, 2017Englewood 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, 2017Atlanta 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, 2017Pathfinder Partners pads portfolio with purchase
Pathfinder plans to renovate and rebrand the community as The Hadley Apartments as well as upgrade the amenity package.
Jolene Wollett
December 10, 2017Cardinal 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…
Kris Oppermann Stern
December 3, 2017Green 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, 2017Springs 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, 2017Low-budget designs still can have a big impact
After 17 years as an interior designer in Denver and as a Colorado native, I have been witness to all the changes the large influx of people to our state has brought. Clearly, somewhere along the line, we were
CREJ
November 20, 2017Prolonged expansion supports calls for optimism
A mathematician, an accountant and an economist apply for the same job. The interviewer asks each of them, “What does one plus one equal?” The mathematician replies, “Two. Exactly two.” The accountant replies,
CREJ
November 20, 2017