‘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
Luxury apartments in Englewood sell for $127.4 million
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…
John Winslow
July 31, 2017
Chicago buyer grows Colo. portfolio with Greenwood Plaza
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.
Jolene Wollett
July 30, 2017
Baker district site scores nearly $152 per square foot
Denver County Address or Location: 346-360 Acoma St., Denver Improvements: 33,016-sf office building, YOC 1964, brick (land value) Land Size: 40,366 sf Date of Recording: 7/13 Reception No. 2017092257 Price: $6.13M, or $151.86 psf Grantor: Mi Casa Resource Center Grantee: VCMRE 360 LLC, Paul E. Slye, mgr., (by: Vukota Capital) Financing: $4.4M payable to Shames…
John Winslow
July 27, 2017
Granite Capital buys Fort Collins apartments for $27.8 million
Granite Capital Group has acquired a townhome-style apartment community in Fort Collins for $27.8 million. Granite paid a record $264,909 per unit for the 105-unit Brooklyn Park Rowhouses, which it will rebrand Rigden Farms Townhomes. The property is located at 2758 Iowa Drive and is Granite Capital’s first acquisition in Fort Collins. “Fort Collins is…
Kris Oppermann Stern
July 25, 2017
Amberley Heights closes for metro suburbs record high of $402,083 per unit
Arapahoe County Address or Location: 10450 Spring Green Dr., Englewood, “Amberley Heights” Improvements: 96-unit, four-story apartment, 144,676 sf, YOC 2014, Land Size: 5.33 acres Date of Recording: 7/6 Reception No. D7077890 Price: $38.6M, or $402,083 per unit, or $266.80 psf Grantor: V96 LLC, Peter A. Kudla, mgr. Grantee: Seacliff Amberley LLC c/o Hoffman, Vance &…
John Winslow
July 19, 2017
Site near CSU campus sells for $63 per square foot
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Kris Oppermann Stern
July 17, 2017
Lakewood apt. portfolio sells for $107M
Gelt Inc. paid nearly $184,500 per unit for the two-property portfolio comprising 580 units.
Jolene Wollett
July 17, 2017
Fox Creek Village sale rings up at $24.8 million
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Kris Oppermann Stern
July 17, 2017
