Mission Rock Adds 1,044 Units to Management Portfolio

Denver—Mission Rock Residential LLC continues to accelerate its growth in 2017 through expansions in the Colorado, Arizona and Nevada markets, adding a combined 1,044 units to the company’s management portfolio. The firm has been named property manager of the Covington Ridge Apartments in Thornton, Colo., the Sienna at Cherry Creek Apartments in Denver, the Fairways at Cave Creek Apartments in Phoenix and the Alicante Apartment Homes in Las Vegas. The company will manage the first three properties on behalf of Starwood Capital Group, and the fourth community on behalf of Hamilton Zanze Real Estate Investments.

Located at 10571 Colorado Blvd. in Thornton, Colo., the Covington Ridge Apartments offers 216 units spread across nine buildings. According to Yardi Matrix data, the property has a swimming pool and spa, a fitness center, as well as 500 parking spaces.

The Sienna at Cherry Creek Apartments is located at 1939 South Quebec Way in Denver and includes 112 one- and 108 two-bedroom units. The amenity package features a swimming pool, a fitness center, as well as 250 parking spaces.

Situated on 13 acres, the Fairways at Cave Creek Apartments is a 376-unit community at 2140 West Thunderbird Road in Phoenix. Starwood Capital Group acquired the property this month for $27 million. Amenities include 599 parking spaces, two swimming pools, two spas, a fitness center and a clubhouse. The recently renovated property offers wood-style flooring, walk-in closets and golf course views.

The Alicante Apartment Homes is located at 4370 South Grand Canyon Drive in Las Vegas and features 80 one-, 128 two- and 24 three-bedroom units in 24 two-story buildings. Residents benefit from 348 parking spaces, a swimming pool, a fitness center and a business center. Hamilton Zanze purchased the asset in February 2017 for $32 million.

Currently, Mission Rock Residential manages 107 multifamily properties in 10 states.

Images courtesy of Covington Ridge Apartments, Sienna at Cherry Creek Apartments, Fairways at Cave Creek Apartments and Alicante Apartment Homes websites