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Oak Coast Properties pays $143 million for Courtyards at Buckley

Oak Coast Properties picked up its 12th Denver community with its $143 million purchase of the Courtyards at Buckley in Aurora. With the acquisition of the Courtyards at Buckley, Oak Coast has completed $320 million in real estate purchases in the past 12 months in the Denver metro area. “Denver continues to outshine other markets…

Jennifer Hayes

February 3, 2020

Advenir at Spring Canyon apts. sell for $69.3 million

A new buyer to the Colorado Springs market purchased the Advenir at Spring Canyon apartment community at record pricing. Benedict Canyon Equities paid $69.3 million, according to public records, for the 292-unit community at 4510 Spring Canyon Heights. At $237,329 per unit, the price appears to be a record per-unit price paid for 1990s product…

Jennifer Hayes

January 6, 2020

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

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