A record number of apartment units were absorbed in Northern Colorado in the third quarter, keeping the vacancy rate in check even as new supply hit the market. “Absorption can only be described as explosive, with 664 units absorbed this quarter, exceeding the record 415 units absorbed during the second quarter of 2017 by 60%,”…

Minneapolis-based IRET acquired the Lugano Cherry Creek apartment community – its latest purchase in the metro Denver market. The real estate company focused on the ownership, management, acquisition, redevelopment and development of apartment communities paid $99.25 million, or $302,591 per unit, for the 328-unit community at 9601 E. Iliff Ave. in Denver. Constructed in 2010,…

An Atlanta-based national real estate investment company made its foray into the Mountain West with its acquisition of Copper Canyon. Carroll, a privately held real estate company that focuses on multifamily properties, paid a reported $58.75 million for Copper Canyon, a 222-unit, garden-style apartment community at 3380 E. County Line Road in Highlands Ranch. The…

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Today’s multifamily experience undoubtedly has matured over recent decades.

Developed by Northeast Denver Housing Center, designed by Cuningham Group and built by Palace Construction, the Moline at Stapleton apartments will provide a home for 180 families earning up to 60% of Denver’s area median income and distributed among one-, two- and three-bedroom units.

As homeownership in Denver becomes increasingly more expensive, we expect demand for larger rental units to increase.

Planning is paramount in developing strategic initiatives, increasing flexibility and reducing risk across all businesses and industries, including multifamily.

A California investor beat out the competition to acquire a newly completed Fort Collins apartment community for $21.83 million, or $232,181 per unit. Warm Springs Holdings LLC bought Copperleaf Place from a Brinkman affiliate that developed the apartments in 2018. The 94-unit property is located at 3425 S. Shield St. in southwestern Fort Collins. David…