To finance the $29 million development, the company syndicated $14.75 million in LIHTC equity provided by investor American Express.
The company is expected to break ground on the community this November.
Southern Land is bringing 302 new apartments to the Mile High City’s Lower Highland area.
Gardner Capital Development will construct an affordable housing community in Aurora’s Centretech neighborhood.
Featuring a two-story below-grade parking garage, the building also offers approximately 58,000 square feet of ground floor retail space.
HFF secured the $23 million sale of the Belle Creek Apartments community in Henderson, Colo.