Denver
Denver Luxury Asset Trades for $142M
Completed in 2015, the 12-story community is situated across the street from Cherry Creek Shopping Mall. BMC Investments sold the asset for roughly $650,000 per unit.
Hunt Mortgage Adds New SVP
Suzanne Cope, who previously worked at the company when it was called Centerline Capital Group, will be responsible for originating and closing affordable and FHA multifamily loans nationwide.
Bell Partners, Hansainvest Acquire $63M Denver Apartments
Escape at Ken-Caryl, a 250-unit community in Littleton, will be renamed Bell Ken-Caryl and managed by Bell Partners.
ARA Leads $38M CO Community Transaction
Previously owned by Jackson Square Properties, the 257-unit community is located in Lakewood, Colo.
Marcus & Millichap Arranges $13M Sale
The 53-unit community is located in the heart of Denver’s Capitol Hill neighborhood and offers a mix of studios and one- and two-bedroom units.
Castle Lanterra Expands Denver Portfolio
The 44-year-old Mountain Vista Apartments marks the company’s second acquisition in the market. Eighty-five percent of the 257 units have been updated.
HFF Arranges Financing for Denver Property
Located in Colorado Springs, Peak 4420 received a 10-year, fixed-rate loan. The 209-unit community had an occupancy rate of 99.5 percent as of August.
Denver Workforce Housing Commands $53M
Oak Coast Properties acquired the majority interest in the 384-unit Villas on 76th, increasing its hold in the area to 3,000 units.
Southern Land Opens First Denver Community
The 302-unit luxury property is located a few miles northwest of downtown Denver, in close proximity to the Denver International Airport. Centric LoHi also offers approximately 9,300 square feet of retail space.
Avesta Communities Enters CO Market
The company plans to implement a renovation plan that includes improvements made to the common amenities and to the unit interiors.