GID Acquires The District at Southmoor Station

Denver–GID Investment Advisers LLC has acquired The District at Southmoor Station, a mixed-use property containing 276 luxury apartment units and 16,617-sq.-ft. retail space. The property is located at the intersection of Interstate-25 and Hampden Avenue, near the Southmoor Station stop on the Regional Transit District light rail.The building includes studios, lofts, and one-and two-bedroom apartments with average rents of $1,300.Amenities include a swimming pool, resident lounge, fitness center, business center and a 5-story parking garage. The apartments include stainless steel and black appliances, granite counter tops, wood cabinetry in the kitchen and full-size washer & dryers in all units. Matt Stuart, assistant vice president of Real Estate Acquisitions for GID says,“The District benefits from exceptional visibility at the intersection of Interstate-25 andHampden Avenue. The collection of retail tenants on-site combined with the adjacent retail and light-rail station create an urban living experience for residents without being downtown.”