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PedCor Properties of Indiana pays $5.4M for 16.32 acres in Thornton

Adams County Address or Location: Northeast corner East 160th Ave. & Grant St., Thornton Improvements: Vacant land, proposed 338-unit apartment complex Land Size: 16.318 acres Date of Recording: 7/21 Reception No. 63427 2017 Price: $5.4M, or $7.60 psf, or $15,976 per unit Grantor: Thornton 164 LLC, Jay Perlmutter, mgr. Grantee: Village Capital Corp., c/o Signature…

John Winslow

August 17, 2017
Country Club Towers

Country Club Towers – 5 minutes from everywhere

Five minutes from everywhere. “We spent quite a bit of time driving, biking and walking from here and it was amazing whether you were going to Washington Park, Cherry Creek or downtown, everything was five minutes away,” Walter Armer told me on a tour of Denver’s newest, biggest and possibly the most expensive apartment community…

Kris Oppermann Stern

August 17, 2017
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Austin apartment developer lands high-density site for $163.45 per square foot

Denver County Property Location: 2432 W. Byron Place & 2430 & 2450 Alcott St., Denver Property Description: Misc. improvements (land value) Land Size: 35,178 sf, zoned C-MX-12 Sales Price: $5.75M, or $163.45 per sf Reception No.: 2017098802 & 2017098801 Closing Date: 7/28 Grantor: Wright Family 1995 LLLP, Ruth M Wright & Kenneth R. Wright, GP…

John Winslow

August 16, 2017

REIT pays $63.3 million for Belmar Villas apartments

Steadfast Apartment REIT III Inc. purchased the 318-unit garden-style community at 700 S. Reed Court in Lakewood. 

Jolene Wollett

August 14, 2017

Suburban assets drawing the eyes and dollars of investors

“The institutional buyer is following a trend we’re seeing around the U.S.; buyers are looking at more suburban product for near-term cash flow,” said ARA Newmark’s Terrance Hunt.

Jolene Wollett

August 14, 2017
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450-unit Aurora apartment complex sells for $104,444 per door

Arapahoe County Address or Location: 9913 E. First Ave., Aurora Improvements: 228-unit, three-story apartment complex with four buildings, 150,720 sf plus 4,452-sf clubhouse/office, wood siding construction; 222-unit apartment with five buildings, 149,769 sf, YOC 1972 (total 450 units, 300,489 sf) Land Size: 14.46 acres Date of Recording: 7/13 Reception No. D7080986 Price: $47M, or $156.41…

John Winslow

August 5, 2017
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Lakewood apartments sell for $107 million

Jefferson County Address or Location: 255-315-409 Zang St. & 13015 W. Second Place, Lakewood, “Ascend at Red Rocks” & 351 Zang St. Lakewood, “Elevate at Red Rocks.” Improvements: 580-unit apartment complex, 535,012 sf, YOC 1981 & 2001. Land Size: 26 acres Date of Recording: 6/30 Reception No. 2017068577 Price: $107M, or $ 184,483 per unit…

John Winslow

August 2, 2017
Maxwell

Maxwell – Green is Gold for Zocalo

Once again, Zocalo Community Development Inc. has brought home the Gold. The Denver-based developer’s Coda Apartments in Cherry Creek has been awarded the LEED Gold certification from the U.S. Green Building Council. The 12-story, 185-unit apartment tower opened a year ago at First Avenue and Steele Street. Susan Maxwell stands in front of the Coda,…

Kris Oppermann Stern

August 2, 2017

‘Unique’ luxury apartments sell for $127.4M

Institutional investors advised by J.P. Morgan Asset Management purchased the Kent Place Residences and assumed the existing financing at closing for the 300-unit, Class A property. 

Jolene Wollett

July 31, 2017

Connor Group enters Colo. with $65 million acquisition

The Connor Group paid $65 million for the 191-unit community, renamed the Gardens at Cherry Creek.

Jolene Wollett

July 31, 2017