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…

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

“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.

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…

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…

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,…

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. 

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

Arapahoe County Land Size: 5.85 acres Date of Recording: 7/11 Reception No. D7079625 Price: $127.4M, or $424,667 per unit, or $341.65 psf Grantor: Kent Place Associates LLC, John A. Woodward, mgr. Grantee: Kent Place Holdings LLC by: J.P. Morgan Investment Management Inc., New York City, NY 10104 Financing: Assumption of $42.84M note payable to AXA…

Waterton paid $66 million for Greenwood Plaza, a 266-unit community at 7610 E. Caley Ave., located in the Denver Tech Center submarket, adjacent to Fiddler’s Green Amphitheater and convenient to the Arapahoe at Village Center light-rail station.