West Line Flats sells for $40.25 million in 1031 exchange
The buyer paid $40.25 million for the 155-unit, Class A community at 6500 W. 13th Ave. in Lakewood, steps from the Lamar light-rail station.
Jennifer HayesJanuary 5, 2019
Jacobson Co. enters Colo. market with Velo, Modern apts.
A Los Angeles-based private investment company made its foray into the Colorado multifamily market with the purchase of more than $88 million in properties.
Jennifer HayesDecember 28, 2018
Turn-of-the-century boutique apartments sell for $2.38M
Denver County Property Location: 1432 Pennsylvania St., Denver, “Glenellen Apartments” Property Description: Eight-unit, three-story apartment building, 8,664 sf, YOC 1919, brick construction Land Size: 6,250 sf Sales Price: $2.38M, or $296,875 per door, or $274.12 psf Reception No.:2018152667 Closing Date: 11/28 Grantor: 1432 Pennsylvania Street LLC Grantee: Eight Point Properties LP, c/o BRC Real Estate LLC (Michael…
John WinslowDecember 27, 2018
AvalonBay pays $75.4M for Ironwood
Ironwood at Red Rocks, currently finishing lease-up, features a mix of one-, two- and three-bedroom units, the latter of which average more than 1,300 square feet.
Jennifer HayesDecember 23, 2018
LoHi apartment sales top $400,000 per unit
The properties, Infinity LoHi and Centric LoHi, located in the coveted LoHi neighborhood of Denver, recently sold in separate transactions at prices topping $400,000 per unit.
Jennifer HayesDecember 20, 2018
Ashford Belmar sells for $143.5 million
Ashford Belmar, a 512-unit apartment community at 7301 W. Ohio Ave., part of the Belmar district in the city, sold for $143.5 million, according to public records. T
Jennifer HayesDecember 17, 2018
Ridge at Thornton acquired by Chicago investor
Adams County Property Location: 3650 E. 103rdAve., Thornton, “Ridge at Thornton” Property Description: 280-units in 10 two-story apartment buildings, YOC 2016, & eight three-story buildings, YOC 2018, rentable sf is 299,436, brick/frame Land Size: 11.89 acres Sales Price :$72M, or $257,143 per unit, or $240.45 psf Density: 23.55 units per acre Reception No.: 80940, 80942…
John WinslowDecember 14, 2018
Broomfield’s Terracina Apartments purchased by Ohio Investor for $106 million
Broomfield County Property Location: 13620 Via Varra Road, Broomfield, “Terracina Apartments” Property Description: 386-unit, four-building, four-story apartment buildings w/361,109 sf, YOC 2009, brick/frame construction Land Size: 12.10 acres (plus 3.83 acres for future development) Sales Price: $106M, or $274,611 per unit, or $274.12 psf Density: 31.90 units per acre Reception No.: 2018012172 Closing Date: 10/19 Grantor: Terracina…
John WinslowDecember 13, 2018
Belmar apartments sell for $143.5 million
Jefferson County Property Location: 7301 W. Ohio Ave., Lakewood, “Ashford Belmar Apartments” Property Description: 512-unit, 24-building apartments with 615,080 sf rentable area, YOC 1988/1993, brick & frame construction, 27,000-sf clubhouse, Land Size: 26.31 acres Sales Price: $143.5M, or $294,531 per unit, or $304.50 psf Reception No.: 2018104265 Density: 19.46 units/acre Closing Date: 11/14 Grantor: Ashford Belmar LLC,…
John WinslowDecember 12, 2018
Bell Partners of North Carolina acquires apartments for $90.5M
Adams County Property Location: 11900 Newton St., Westminster, “Bell Bradburn Apts.” Property Description: 310-unit, three-story apartments, 389,578 sf rentable area, YOC 2002, frame construction. The unit mix is 84 one-bedroom units, 210 two-bedroom units and 16 three-bedroom units Land Size: 11.176 acres Density: 27.74 units per acre Sales Price: $90.48M, or $291,854 per unit or Reception…
John WinslowDecember 10, 2018