The planned 74 units, which will include 58 assisted living and 16 memory care, are slated for completion in the spring of 2017.
A REIT sponsored by Resource Real Estate Inc. was the borrower for two communities in Boulder and Centennial it previously acquired on an all-cash basis.
Marcus & Millichap Arranges Sale of 194-Bed Student Housing Community Near Colorado State University
Marcus & Millichap represented Scott’s Plaza LLC in the $24.5 million transaction.
The brokerage firm secured financing for the construction of a 285-unit multi-housing community in the Mile-High City.
Developers in Denver added just shy of 3,000 new units to the rental landscape with the construction of 17 new properties over the past year.
HFF managed to secure an $22.2 million financing loan for two apartment communities in Denver.
Oak Coast is planning a $2.5 million renovation of the property, which is the first acquisition in a series of investments to meet its $300 million target for 2016.
The property is on 11.3 acres and features 15 buildings.