According to records filed in Douglas County, Aventine Littleton, a 227-unit Class A apartment community in Highlands Ranch, has sold to Equity Residential for $91.25 million.
Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the seller, Century Living, in the transaction. Century Living, the multifamily division of Century Communities, one of the nation’s largest homebuilders, developed the asset, delivered in phases between 2023 and 2024.
Located at 2503 Primo Rd., the five-building community has a mix of one-, two- and three-bedroom units averaging 1,028 square feet. The apartments feature stainless steel appliances, quartz countertops, smart-home technology and managed WiFi, walk-in closets, full-size washers and dryers and roller shades. Balconies with views of the mountains and downtown are available in select units.
“This transaction aligns with the ongoing trend of institutional investors shifting their focus away from urban assets and towards high-end properties in desirable suburban locations.” said Terrance Hunt.
Community amenities include a fitness center, lap pool, hot tub, sunroom, outdoor community kitchen, clubhouse, conference room, workspaces, pet spa, storage units, 26 detached garages, 74 attached garages and 328 surface parking spaces.
Aventine Littleton borders some of metro Denver’s most affluent suburbs, including Highlands Ranch and Littleton. The property is within a 20-minute drive of 690,000 jobs from some of Denver’s top employment hubs. Tenants also have access to local retail and entertainment centers like Central Park at Highlands Ranch, Aspen Grove and Highlands Ranch Town Center as well as outdoor recreation options like the High Line Canal Trail System, golf clubs and other parks and trail systems.
