Top 10 Apartment Owners in Denver

The metro continues to record accelerated economic growth, reflected by rising apartment rates, strong housing demand and an enduring boom in construction activity.

Denver’s strong fundamentals, diverse economy, favorable business climate and population growth are feeding demand for the multifamily sector. As a result, the metro continued to experience rising rents and positive absorption throughout 2018. Demand continues to be high, despite the delivery of 32,600 units since the start of 2016 alone. The recent shortage of construction labor and increasing material costs have put a dent in construction timetables, helping demand moderate the slide in the market’s average occupancy rate, at 94.9 percent as of December. Denver’s multifamily pipeline consisted of 24,000 units underway as of January, pointing to a high delivery rate in the short term. Developers are focusing on delivering luxury communities, while affordable housing  stock largely stagnates. 

The list below highlights the metro’s top 10 private, REIT and institutional investor apartment owners, based on the number of completed units, according to Yardi Matrix data.

5. GID

Windsor at Meridian

The company’s Denver portfolio comprises 3,791 rental units across 11 communities, most of them concentrated around the metro’s urban core. Its largest property is Windsor at Meridian in Englewood, the oldest development the company owns in the area. Completed in 2000, the 34-building luxury gated community offers 652 one-, two- and three-bedroom units ranging in size between 703 and 1,373 square feet.

Amenities include two community pools, a dog park and extensive walking paths. Located at 9875 Jefferson Parkway, it offers easy access to parks, The Meridian Gold Club, Park Meadows Mall and downtown Denver. GID acquired the asset from JPI in June 2001 for $78.8 million.

4. Jackson Square Properties


The San Francisco-based firm owns 4,166 units throughout the Denver metro. Its latest portfolio addition is Elevate, a 285-unit community situated at 7338 S. Havana St. in Centennial, Colo. The community encompasses 10 three-story buildings, with units that range between 608 and 1,238 square feet.

Jackson Square Properties purchased the community from the Wolff Co. this January, one year after its completion. Community amenities include a resort-style swimming pool, an infinity-edge spa, conference room, bicycle repair station, pet wash, game room, two lounge areas, a business center and fitness facility.

3. ColRich Multifamily


With 4,489 units in its portfolio, ColRich Multifamily owns 14 transit-oriented communities across the entire metro. At 608 units, Waterfront in Lakewood, Colo., is the largest one. The one- and two-bedroom units range in size from 600 to 1,000 square feet. As of January, the 26-building property was 96.7 percent occupied.

Located at 10555 W. Jewell Ave., Waterfront sits at the base of Golden Gate Canyon State Park and Smith Reservoir, and is minutes away from retailers, eateries, bars and recreational areas. The pet-friendly community features the largest fitness facility in Lakewood, yoga room, pool, basketball courts and a business center.

2. Inland Real Estate Group

Conifer Creek

The Illinois-based real estate investment trust owns 20 communities totaling 5,167 units, the largest being Conifer Creek. The community consists of 53 buildings on a 10.6-acre lot and offers 480 one- and two-bedroom units. Conifer Creek was built between 1984 and 1986 and offers a wide array of amenities, including fitness center and jogging trails, clubhouse, swimming pool, 24-hour courtesy patrol and landscaped surroundings.

1. Starwood Capital Group

Uptown Square

With 5,194 completed units in Denver, the real estate investment trust emerged as the metro’s biggest landlord. Largely made up of Class A communities, the company’s portfolio is scattered around the metro. The 2011-built Uptown Square is the largest community in the company’s portfolio, comprising 695 units. The property occupies five blocks at 1950 Pennsylvania St., in Denver’s Central Business District, the nine-building property sits close to multiple restaurants, shopping and entertainment options. Building amenities include heated pool, rooftop terrace with panoramic views, 24-hour fitness center and landscaped courtyards.

Last year, Starwood sold an $835 million portfolio comprising 16 communities in the Seattle, Portland, Los Angeles and Denver metros. 

Images courtesy of Yardi Matrix

You May Also Like