Greeley apartment community with upside achieves top dollar
A Greeley apartment community commanded the second-highest price per unit ever achieved in the city with its sale to a California real estate investment firm. Alta Community Investments paid $15.4 million, or $142,593 per unit, for Franklin Flats, a 108-unit community on 4.45 acres at 3208 W. Seventh St. The price per unit was a…
Kris Oppermann Stern
February 11, 2018Value grows by 34.4% on $50 million Castle Rock apartments
Douglas County Property Location: 483 Scott Blvd., Castle Rock, “Bluffs at Castle Rock” Property Description: 220-unit, three-story apartment complex, 200,516 sf, with 11 buildings and a 2,837-sf clubhouse, YOC 1998, frame construction Land Size: 11.024 acres Sales Price: $50M, or $227,273 per unit, or $249.36 per sf Closing Date: 1/31/2018 Reception No.: 2018006612 Density: 19.96…
John Winslow
February 9, 2018Lone Tree apartments snagged by Braddock and Logan for $110.85 million
Douglas County Property Location: 10047 Park Meadows Drive, Lone Tree Property Description: 400-unit apartment complex, 400,196 sf, plus 9,416-sf retail space, YOC 2003; 550 surface parking spaces, 121 detached garages Land Size: 14.46 acres Density: 27.66 units per acre Sales Price: $110.85M, or $277,125 per unit, or $270.62 per sf Reception No.: 2018004992 Closing Date:…
John Winslow
February 8, 2018Seagate acquires Park Place apts.
The Park Place Olde Town Apartments traded for $46.58 million, or $304,444 per unit
Jolene Wollett
February 5, 2018Bella Springs Apts. sell for $71 million
The 364-unit community at 1050 Milano Point in north Colorado Springs was sold by Praedium Group of New York.
Jolene Wollett
February 5, 2018Ohio investment group snags 1980s apartments for $50 million
Arapahoe County Property Location: 4957 S. Prince Court, Littleton, “Summit Riverside Apts.” Property Description: 248-unit, three-story apartment with 198,032 rentable sf, YOC 1987, frame (22 studios, 144 one-bedroom units and 82 two-bedroom units) Land Size: 10.049 acres Sales Price: $50M, or $201,613 per door, or $252.48 psf Reception No.: D8007969 Density: 24.68 dwelling units per…
John Winslow
January 30, 2018Sherman Associates receives funding for Ascent Apartments
Financing included a $50 million senior construction loan provided by Natixis bank and $16.2 million in preferred equity from EverWest Real Estate Partners.
Jolene Wollett
January 29, 2018LaSalle acquires ‘textbook’ property in Highlands Ranch
LaSalle Investment Management acquired a “textbook” value add apartment property in Highlands Ranch.
Jolene Wollett
January 29, 2018Logan Apartments near state Capitol sells for $16.3 million
Denver County Property Location: 619 Logan St., Denver, “The Logan Apartments” Property Description: 57-unit, five-story apartment building, 34,954 sf, YOC 2012, brick/stucco and wood siding, 49 parking space underground garage plus two open spaces Land Size: 17,425 sf Density: 142.5 units per acre Sales Price: $16.3M, or $285,965 per unit, or $466.33 psf Reception No.:…
John Winslow
January 23, 2018The Rail at Inverness sells for $52M
The 219-unit garden-style community sold for $52 million, according to public records, to Jackson Square Properties.
Jolene Wollett
January 21, 2018