BrokerageInvestmentMultifamily

Denver-based Private Equity Firm Acquires Durango Apartment Community for $35M

Trailbreak Partners LLC, a Denver-based private equity firm, has acquired the 171-unit Confluence at Three Springs Apartments located at 150 Confluence Avenue, Durango, from GF Properties Group, LLC for a purchase price of $35.25 million. Confluence at Three Springs, a best-in-class apartment complex, anchors the town center of Three Springs, …

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Investment

JCR Capital Rebrands as Walker & Dunlop Investment Partners

Walker & Dunlop, Inc. recently announced that two years after acquiring alternative investment manager JCR Capital Investment Corporation, the firm is rebranding as Walker & Dunlop Investment Partners, Inc. (WDIP). Sam Isaacson, who previously served as managing director leading the firm’s investment teams, has been promoted to president and will lead …

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InvestmentMultifamily

California Firm Enters Denver Market with $38M Multifamily Purchase

Trion Properties, a Los Angles-based real estate private equity firm that specializes in multifamily investments in western markets, has acquired The View at North Peak, a 288-unit multifamily community located at 10701 North Pecos Street in Northglenn. The mixed-income property was purchased in an off-market transaction for $38 million. Trion …

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BrokerageInvestmentSelf Storage

Denver-based Investment Firm Adds Four Properties to Mark Closing of Self Storage Fund

Denver-based real estate investment firm VanWest Partners has added four self storage facilities to VanWest Storage Fund I, LLC with the acquisition of three properties in Collierville (Memphis), Tennessee, and one property in Blue Island (Chicago), Illinois. Green & Sons Storage, located in the Memphis suburb of Collierville, was built between 1998 …

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InvestmentReports

Survey Reveals Gender Diversity is Lacking in Real Estate Investing Community

It is widely known that the gender pay gap still exists, with women in the U.S. earning 80.4 percent of what men earned in the first quarter of 2020, but data suggests that the gap for women in the real estate investing industry is just as significant. Ahead of Women’s Equality Day on …

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BrokerageHospitalityInvestment

Rodeway Inn Hotel in Loveland Sells During COVID Shutdown

The Rodeway Inn, a 48-room hotel in Loveland, has sold for $2,875,000. The sale took place during the COVID-19 pandemic, which made the financing “extremely difficult,” according to Neville Rustomjee, first vice president investments at Marcus & Millichap’s Denver office. “Many SBA lenders will not finance new hotel acquisitions, and those …

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BrokerageInvestmentMultifamily

Capitol Hill Multifamily Property Sells in All-Cash Transaction

CBRE has arranged the $1.145 million sale of 1159 Corona Street, a 3,724-square-foot multifamily property in Denver. Robert Bratley with the Denver office represented the buyer, a private local investor, who plans to fully renovate the building. “Denver’s multifamily market remains strong, but cash is still king as evident by this all-cash …

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BrokerageDevelopmentInvestment

114 Units Planned for Corner of South Clarkson St and Jefferson Ave

MIG Real Estate LLC (MIG), a national real estate investment company headquartered in Newport Beach, CA, has purchased a 1.04-acre development site, located at the corner of South Clarkson and Jefferson Avenue in Denver’s Englewood neighborhood, for $3.4 million. The site is the first acquisition for MIG’s new Qualified Opportunity Zone Business Fund which recently …

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HospitalityIndustrialInvestmentMultifamilyOffice

Broe Real Estate Group Launches $250M Strategic Investment Program

Denver-based real estate investment company Broe Real Estate Group (BREG), formerly announced last week the launch of its $250M BREG Strategic Investments Program to create expedited capital solutions for liquidity strained commercial real estate properties and ventures that are experiencing distress from COVID-19 related market disruptions. Broe’s Strategic Investments Program provides vital …

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Investment

Investors Remain Optimistic About Commercial Real Estate, says Study

According to real estate advisory firm Hodes Weill & Associates, that has an office in Denver, investors are taking a measured, cautious approach to new investments and focusing on portfolio management. Results from a recent study showed that while 59 percent of investors anticipate a slowdown in investment activity over the …

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