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