According to a deed registered in Denver County, Civic Lofts, a 176-unit apartment community in Denver’s Golden Triangle, has sold for $30 million, representing a substantial decrease from the property’s previous transaction in late 2021, when it was acquired for $63 million, according to Denver property records.
Located at 360 W. 13th Ave., the property changed hands on June 29. The buyer is affiliated with Los Angeles-based FPM Partners, a private equity real estate investment firm focused on multifamily housing. Public records indicate the acquisition marks the firm’s first investment in Denver, adding to its existing Colorado portfolio, which includes properties in Broomfield and Fort Collins.
Completed in 2017, the 14-story community includes studio, one- and two-bedroom apartments and is situated within one of Denver’s most active urban redevelopment districts.
The transaction comes as Denver’s apartment market continues to adjust after a wave of new construction delivered thousands of units across the metro over the past several years. The Golden Triangle neighborhood has been among the most active submarkets for new multifamily development, increasing competition among both newly completed and stabilized communities.
Current availability listed on the property’s website indicates approximately 21 of its 176 apartments are available for lease, equating to an occupancy rate of roughly 88%.
The sale also reflects broader market conditions affecting multifamily investments throughout the Denver region. Apartment vacancy reached 7.6% across the metro area at the end of 2025, the highest level in more than a decade, as developers worked to absorb a record pipeline of new deliveries.
