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…

Jennifer Hayes

February 10, 2020

Westhills community trades for $92 million

A garden-style apartment community in Lakewood was picked up at a price of $92 million. Priderock Capital Partners, according to public records, purchased the 400-unit Westhills Apartment Homes at 453 Van Gordon St., in the Union Boulevard/Federal Center area. Gelt Inc. sold the community, built in 1972. Situated on 16.22 acres, the 27-building property features…

Jennifer Hayes

November 17, 2019

Cedar Run community sells for $62 million

A Los Angeles-based real estate investment and asset management firm added to its Denver portfolio with its purchase of the Cedar Run Apartments in one of the largest recent multifamily transactions in the Lowry submarket. Gelt Inc. paid $62 million, or $161,500 per unit, for the 384-unit community at 888 S. Oneida St., west of…

Jennifer Hayes

May 31, 2019

Lakewood apt. portfolio sells for $107M

Gelt Inc. paid nearly $184,500 per unit for the two-property portfolio comprising 580 units.

Jennifer Hayes

July 17, 2017