EverWest Sells Denver Luxury Community for $115M
NorthMarq Capital provided the buyer with a $48.5 million Fannie Mae acquisition loan.
Griffis at Fiddler’s Green. Image courtesy of Walker & Dunlop
EverWest Real Estate Investors has sold 360 Degrees, a 304-unit luxury community in Centennial, Colo., for $115 million. Griffis Residential bought the asset and renamed it to Griffis at Fiddler’s Green. According to Yardi Matrix data, NorthMarq Capital originated a $48.5 million Fannie Mae acquisition loan. Walker & Dunlop represented the seller and procured the buyer.
Built in 2014, the four- and five-story property has studio, one- to two-bedroom units, ranging from 481 to 1,109 square feet, Yardi Matrix data shows. Community amenities include a rooftop terrace, fitness center, business center, clubhouse, pool and spa, as well as more than 450 parking spaces.
Located at 7700 E. Peakview Ave., the community is less than 3 miles south of Denver Tech Center, the metro’s largest employment base. Downtown Denver is less than 16 miles northwest. Several retail, dining and entertainment options are available within a 1-mile radius.
The Walker & Dunlop team that brokered the sale comprised Managing Directors Dan Woodward, Dave Potarf, Matt Barnett and Jake Young.
According to a Yardi Matrix multifamily report, transactions in Denver have remained on par with the record-breaking 2021, as investors traded more than $1.5 billion in multifamily assets year-to-date through April. Sales amounted to nearly $3.7 billion as of October, the same data provider shows.
