Gelt grows portfolio with Timber Lodge buy

Los Angeles-based real estate investment and asset management firm Gelt Inc. grew its Denver holdings with its purchase of a niche product in the market. Gelt paid $61 million for Timber Lodge, a 390-unit, value-add, affordable apartment community at 1769 Coronado Parkway in Thornton. “With the market unable to add new units that can charge…

Jennifer Hayes

November 24, 2019
Hunt

On the Hunt: Conference to draw 600

Terrance Hunt sums up his prediction for the Denver area apartment market with four words: “more of the same.” And while “more of the same” at first blush might sound pretty boring, it’s actually pretty great. That’s because absorption has defied skeptics who have feared the Denver apartment market has been on the brink of…

John Rebchook

March 1, 2019

Record-setting sale closes in Springs

An unidentified out-of-state buyer paid $51.1 million, or $164,839 per unit, for the 310-unit Advenir at the Village Apartments – a record price per unit for a 1960s apartment community in Colorado Springs. 

Jennifer Hayes

November 25, 2018