Griffis Residential Shells out $44M for Multifamily Community in Suburban Denver

Denver-based multifamily management company Griffis Residential has recently acquired the 264-unit Remington West Apartments community in Westminster, Colorado, at the cost of $44.3 million.

Griffis Westminster Center

Denver-based multifamily management company Griffis Residential has recently acquired the 264-unit Remington West Apartments community in Westminster, Colo., at the cost of $44.3 million. According to a news release, the community has been rebranded Griffis Westminster Center.

Located at 6969 West 90th Ave. just west of the I-25, Griffis Westminster Center is a Class A community that offers one- to three-bedroom apartments ranging in size from 672 to 1,180 square feet.  The garden-style community features a clubhouse, business center, fitness center, media room, outdoor BBQ areas, on-site playground, as well as a heated pool and spa. Apartments feature stainless steel appliances, ample closet space, central heat and air, oval garden tubs and washer and dryer in each unit.

“Griffis Westminster Center holds tremendous promise within the Griffis Residential multifamily portfolio,” said Griffis Residential CEO David Birnbaum. “With close proximity to the emerging Bus Rapid Transit System and the Westminster Center redevelopment project, we believe the community will be in high demand among Westminster’s well-educated workforce for years to come.”

The purchase of Griffis Westminster Center follows the recent sale of Sagebrook Apartments in Colorado Springs and the acquisition of Strathmore Apartments in Lafayette.

Image courtesy of Griffis Residential

Click here for more market data on Denver