CBRE has facilitated $25.4 million in acquisition financing for real estate firm Brixton Capital to purchase the 114-unit Parkside at Littleton Village at 300 East Freemont Place in Littleton.
Scott Peterson, Mark McGovern, Brian Cruz and Colby Matzke, with CBRE Capital Markets’ Debt and Structured Finance team in San Diego, secured the five-year, interest-only, non-recourse loan with a national life insurance company.
“Parkside at Littleton provides an excellent opportunity to continue Brixton’s long track record of successful real estate investments. This will be Brixton’s second acquisition in Denver this year, with both being high-quality multifamily assets in incredible locations,” said Mr. Peterson, CBRE’s vice chairman.
Built in 2022, the 114-unit community features one-, two- and three-bedroom floorplans, averaging 1,215 square feet. Each unit features high-end finishes including custom cabinets, private balconies or patios, stainless steel appliances, in-unit washer and dryer and wood-style flooring. Community amenities include an entertainment and game room, EV charging stations, a clubhouse, a state-of-the-art fitness center and a pet park.
Today, California-based Brixton owns and manages a diverse array of real estate assets totaling more than $1 billion which each offer an important combination of mitigated downside protection with the opportunity to create additional value through the disciplined execution of each property’s business plan.
