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Multifamily

Multifamily conference coming March 8

Multifamily mystery. Stock market volatility. Interest rates rising. Tax law changes. These are just three macroeconomic variables that could impact the multifamily market in the Denver area as well as the nation. The impacts of this trifecta of changes are likely to be topics touched upon by more than a dozen experts who will address…

Kris Oppermann Stern

February 15, 2018

Inland adds to holdings with $80M buy of Après Apartments

Inland paid $196,078 per unit, for the 408-unit community at 1539 S. Galena Way.

Jolene Wollett

February 12, 2018
Franklin Flats

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, 2018

Value 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, 2018

Lone 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, 2018

Seagate acquires Park Place apts.

The Park Place Olde Town Apartments traded for $46.58 million, or $304,444 per unit

Jolene Wollett

February 5, 2018

Bella 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, 2018

Ohio 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, 2018

Sherman 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, 2018

LaSalle acquires ‘textbook’ property in Highlands Ranch

LaSalle Investment Management acquired a “textbook” value add apartment property in Highlands Ranch.

Jolene Wollett

January 29, 2018