Crossbeam Capital pays $21.5 million for Aviator
Crossbeam Capital doubled its Colorado Springs multifamily holdings with its purchase of the Aviator apartment community. The firm purchased the 147-unit community at 1670 N. Murray Blvd. from Vukota Capital Management. It paid $21.5 million, or $146,258 per unit, for the community built in 1971. The workforce housing community had been updated within the last…
Jolene Wollett
March 30, 2020
Watermark on Union trades at record price
A Santa Barbara, California based buyer is making its mark on Colorado Springs with not only its second apartment acquisition in the market but also its second of a prestabilized asset in the city. NALS Apartment Homes, a fully integrated real estate investment firm, purchased the Watermark on Union apartment community, renamed Aliso Briargate, for…
Jolene Wollett
March 16, 2020
Foundry apartments change hands in $44.1 million deal
The apartments within the newly completed Foundry redevelopment in downtown Loveland have been acquired for $44.1 million. California-based Steadfast Cos. bought the 155-unit Patina Flats at The Foundry from a partnership led by Brinkman, Patina Flats has been more than 95% leased since it was completed in August 2018 and was nearly full at the…
Kris Oppermann Stern
March 8, 2020
TA Associates adds Trifecta
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Jolene Wollett
February 24, 2020
Luxe at Mile High apts. sell for $145 million
A 382-unit community located in the shadow of Empower Field at Mile High Stadium sold for $145 million, or $379,581 per unit. OZH Holdings 2 LLC, according to public records, purchased Luxe at Mile High at 3200 W. Colfax Ave. in Denver. “Luxe at Mile High was an interesting transaction because it sold before it…
Jolene Wollett
February 10, 2020
Gelt pays $145.5M for Lakewood apts.
A Los Angeles-based real estate investment and asset management firm boosted its metro Denver apartment portfolio with its $145.5 million buy of the Kallisto at Bear Creek community. Gelt Inc. paid $308,263 per unit for the 472-unit community at 2605 S. Miller Drive in Lakewood. “Gelt has been attracted to the Denver market because the…
Jolene Wollett
February 10, 2020
Military housing turned apartments sells for $26.1 million
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Jolene Wollett
February 10, 2020
Oak Coast Properties pays $143 million for Courtyards at Buckley
Oak Coast Properties picked up its 12th Denver community with its $143 million purchase of the Courtyards at Buckley in Aurora. With the acquisition of the Courtyards at Buckley, Oak Coast has completed $320 million in real estate purchases in the past 12 months in the Denver metro area. “Denver continues to outshine other markets…
Jolene Wollett
February 3, 2020
Disparate apartment communities sell in $72.5M portfolio transaction
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Kris Oppermann Stern
January 27, 2020
BHP, city create 120 units of permanently affordable housing
Boulder Housing Partners and the city of Boulder have broken ground on a 120-unit permanently affordable housing community – the most significant development of its kind in the city’s history. BHP is the master developer of the project, called 30Pearl. It will be located on 4.6 acres at 2630 30th St. in Boulder Junction, a…
Kris Oppermann Stern
January 11, 2020
