Multifamily news in Denver
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Top 10 Markets for Supply Growth
Decelerating rent growth and stagnant or falling occupancy rates suggest that developers can no longer expect the same returns experienced in recent years. As a result, development will likely slow down. According to Yardi Matrix data, these 10 markets are expected to see the greatest increases to supply this year.
14 July 2017 15:35 -
Inland Acquires $95M Denver Asset
Conifer Creek last traded in 2013, when Grand Peaks Properties sold it for $54.4 million. The community was 96.9 percent occupied as of May.
14 July 2017 11:06 -
ARA Newmark Closes $60M Sale of Denver Asset
The 200-unit mixed-use community is located near the city's central business district and was completed in 2015. The property includes 4,220 square feet of ground-floor retail space.
11 July 2017 13:41 -
LA Investor Snags $107M Suburban Denver Portfolio
Gelt's acquisition includes two assets in Lakewood: the 408-unit Ascend at Red Rocks and the 172-unit Elevate at Red Rocks.
10 July 2017 08:43 -
Berkadia Arranges $57M Loan for Denver Community
Veranda Highpointe consists of one- to three-bedroom residences as well as 41,000 square feet of retail space.
06 July 2017 12:07 -
Suburban Denver Community Trades for $58M
Weidner Apartment Homes sold the 312-unit property to Phoenix Realty Group. HFF secured $46 million in financing for the sale.
04 July 2017 11:46 -
Waterton Acquires Denver Greenwood Plaza
The multi-building property is located in close proximity to the Denver Tech Center. The company plans to implement a renovation plan that will include adding new flooring in kitchens and living areas as well as carpeting in bedrooms.
03 July 2017 13:24 -
Sheraton Steamboat Resort Converting to Timeshare Villas
First Finish Inc. is transforming 198 rooms into 112 villas. The project is underway and is slated for delivery by the end of the year.
23 June 2017 12:32 -
Pathfinder Acquires $16M Senior Housing
The company formed a joint venture with Denver-based Hillcrest Development Group to purchase Shalom Park Senior Living Campus. Pathfinder will implement a $3 million renovation plan and will rebrand the property as V-Esprit.
16 June 2017 17:39 -
Allied Orion Expands Denver Management Portfolio
The Arel Capital-owned 141-unit property is the seventh residential asset to join The Collective Glendale, a 793-unit portfolio located near Infinity Park.
13 June 2017 04:37 -
MCA Arranges $6M Loan for Denver Community
The project is an integral part of Belle Creek community, which consists of single family housing, apartments, townhomes and a community center. MCA worked on behalf of an entity sponsored by Chartered Development Corp.
07 June 2017 14:36 -
Denver Community Sells for $31M
ARA Newmark represented Nichols Partnership in the sale of Turntable Studios. Built in 1967, the building was renovated and converted to multifamily in 2015.
25 May 2017 11:38 -
Metro Spotlight: It’s Always Mountain Time in Denver
Years of economic growth have prompted substantial rent growth, but is the city's multifamily market heading into treacherous waters?
19 May 2017 08:33 -
The Next Wave in Multifamily: Middle-Market Assets
With multifamily development hitting the brakes in major cities and shy rent growth on the horizon, investors are setting their sights on middle-market assets owned by Baby Boomers. Industry leaders predict that, as this $10 trillion market changes ownership, the largest transfer of properties in the history of real estate will occur.
16 May 2017 16:53 -
ARA Newmark Secures $92M Denver-Area Portfolio Sale
Earlier this year, the 144-unit Villas at Holly sold for $26.3 million to Triumph Properties Group. The 312-unit Villas at Homestead traded as well, for $65.4 million. Both properties are located near the Denver Tech Center.
04 May 2017 14:25