SOVA on Grant: A Timeless Building Joins Uptown

The Uptown neighborhood of Denver is filled with exceptional dining, boutique shopping and exciting nightlife. Living in the highly walkable Uptown neighborhood means that some of the best culture and fun that Denver has to offer is right outside your front door.

Building Dialogue

June 16, 2019

Denver investor buys in Durango

Demand for a Durango apartment community was strong – thanks in part to supply and demand fundamentals in Colorado’s mountain communities. Denver-based Blueline Equity Partners paid $19.78 million, according to public records, for the 112-unit Hillcrest Apartments at 100 Goeglien Gulch Road. The asset received multiple offers from investors from Colorado to California to Washington…

Jennifer Hayes

June 15, 2019
Greens at Van de Water

Loveland apartments sell in $206.5 million portfolio deal

The Lake Vista and Greens at Van de Water apartment communities in Loveland sold as part of a $206.5 million portfolio deal that also included Arbour Square in Westminster. Colorado Multifamily Portfolio DST, sponsored by Inland Private Capital Corp., sold the 855-unit portfolio to Blackstone Real Estate Income Trust, according to public records. “The sale…

Jill Jamieson-Nichols

June 14, 2019

Managed homesharing coming to Union Denver apartments

A Denver-based firm founded last year to create a new type of urban residential model made its first acquisition with the purchase of Union Denver. The firm, daydream apartments, purchased the 13-story, 579-unit property at 1770 Chestnut Place. The sales price for the three-tower property, anchored by Whole Foods Market, which covers a full city…

Jennifer Hayes

June 8, 2019

Amherst Apartments sell in $11.1m off-market deal

A Denver apartment property recently sold in an $11.1 million transaction. The Amherst Apartments at 2775 S. Federal Blvd. was purchased by PARS LLC at a price of $137,037 per unit and a 5.75% cap rate. The 81-unit community was sold by Vukota Amherst Apartments LP. The three-story, garden-style community features a mix of one-…

Jennifer Hayes

June 7, 2019
The Vibe

Milestone to bring first of 684 apartment units to Lafayette

An apartment developer known for expansive clubhouses and abundant amenities is bringing his latest community to Lafayette. Ken Kiken of Milestone Apartment Group expects to break ground in early fall on the first phase of a LEED Gold community at the interchange of the Northwest Parkway and U.S. Highway 287. Estimated to cost around $58…

Jill Jamieson-Nichols

May 31, 2019
Rams Crossing

FPA Multifamily buys Fort Collins apartments for $68.5M

A San Francisco-based real estate investment firm acquired an assortment of apartment units in Fort Collins for $68.5 million, or $149,237 per unit. FPA Multifamily LLC bought 459 units of both student housing and conventional apartments. Summit Management Services sold the assets, which include Campus Flats @ Ram’s Crossing/Ram’s Crossing @ Campus, The Lofts @…

Jill Jamieson-Nichols

May 31, 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

Hyder Construction breaks ground on The Hooper in Five Points

Hyder Construction last month broke ground on The Hooper, a nine-story, mixed-use project located at 2600 Welton St. in Denver’s historic Five Points neighborhood.Palisade Partners is developing the project, which is adjacent to the Rossonian Hotel.

Kris Oppermann Stern

May 31, 2019

Safari Club Apartments in Denver trade for $16.8 million

RedPeak Properties picked up an “iconic” Denver apartment building at a near record-setting price. The Denver-based firm, which acquires, develops and manages apartments in Denver and along the Front Range, paid $16.8 million all cash for the Safari Club Apartments. The 66-unit building at 990 S. Logan St. in Denver sold for $254,545 per unit…

Jennifer Hayes

May 24, 2019