Colliers’ Multifamily Advisory Group has announced the sale and financing of Momentum at First Creek, a 200-unit luxury apartment community located at 5500 Telluride Street in Denver, for $56 million. The property was sold by a local Colorado-based developer and acquired by a private out-of-state investment firm. The transaction closed on March 31, 2026.
Completed in 2023, Momentum at First Creek is a best-in-class suburban apartment community offering residents a full suite of modern amenities. These include a resort-style pool, outdoor chef-inspired kitchen with a pizza oven, state-of-the-art fitness center, and a luxury clubhouse featuring a game room and collaborative workspaces.
The property is located in the northeast Denver submarket, providing convenient access to Denver International Airport and is within close proximity to grocery stores, dining, and everyday retail. Positioned adjacent to the First Creek bike and walking path, the community offers a unique blend of suburban tranquility and walkable access to open space, parks, and nearby amenities.
Colliers Debt and Structured Finance provided the financing for the property on behalf of the buyer. The financing team rate locked the loan in three weeks from application and closed in four weeks from application.
“Colliers Debt and Structured Finance is continuing to push to provide Institutional clients with best-in-class terms and executions. Competing with speed and economics is essential to a successful outcome when participating in a difficult market environment. It’s a testament to the capabilities of the platform and team to have closed this deal with the micro and macro market volatility that was present during the execution,” stated Luke Donahue with Colliers Debt and Structured Finance.
Senior Vice Presidents Craig Stack, Bill Morkes, and Nate Moyer of Colliers’ Denver office represented the seller in the transaction.
“Momentum at First Creek is a high-quality, well-constructed asset strategically positioned in a growing area of Denver, offering excellent connectivity, walkability, and access to the expanding employment base near DIA,” said Craig Stack. “While market fundamentals in Denver remain challenging, we saw strong interest from the investment community, driven by confidence in the property’s long-term value, quality, and location.”
