Triumph Enters Denver Market

The company acquired Villas at Holly, 143-unit community, for $26 million.
Villas at Holly

Villas at Holly

Denver—Triumph Properties Group entered the Denver market with its acquisition of the Villas at Holly, an apartment community located at 6760 S. Glencoe St. in Centennial, Colo. for $26.3 million from Kennedy Wilson.

The 143-unit community offers one- and two-bedroom floorplans ranging from 740 to 1,170 square feet. Interior features include washer/dryers, wood burning fireplaces, vinyl plank flooring, oversized closets, large bedrooms and living rooms, separate dining rooms, galley-style kitchens with stainless steel appliances and custom cabinetry, ceiling fans and private balconies. Residents have access to amenities such as a fitness center, laundry facilities, a courtyard, outdoor swimming pool, an online rental payment portal, on-site maintenance and management, a pet park, clubhouse, tennis court and 300 parking spaces.

“We like Denver over the long term and Villas at Holly presented us with an opportunity to gain entry into a high-quality submarket at attractive relative pricing and a clear opportunity to increase income by improving unit interiors,” said Will Roos, director of acquisitions for Triumph.

Image courtesy of Yardi Matrix