Multifamily

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear Creek. Located at 2605 S. Miller Drive in the Bear Creek area of Lakewood, the asset includes 472 units. Gelt now owns …

CBRE has released its Q4 2019 MarketView reports analyzing year-end performance for metro Denver’s office, industrial and retail sectors. “Metro Denver closed out 2019 strong, and we are now focused on some headwinds and tailwinds moving into 2020,” said Pete Schippits, senior managing director of CBRE’s Mountain States. “Looming questions remain around …

Avison Young has released its global 2020 Forecast, including ten trends to know for 2020, and national and local property market outlooks for the U.S. and around the world. The annual report series provides perspective on how global events, trends and indicators impact commercial real estate in a variety of sectors, …

Oak Coast Properties has acquired The Courtyards at Buckley, a large apartment community in Aurora, for $143 million. The acquisition marks Oak Coast Properties’ twelfth multifamily acquisition in metro Denver, signaling the firm’s continued bullish stance on commercial real estate investment in the burgeoning market. Oak Coast Properties also announced plans …

Two apartment properties in north Aurora have sold for a combined $19.5 million. Elm Grove, a 59-unit apartment property located at 11852 E. 16th Ave., sold for $7,200,000 and Aspen Grove Apartments, a 99-unit apartment property located at 1568 Nome St., sold for $12,375,000. Greg Price and Jason Hornik, investment …

Colorado-based real estate investor and developer, McWhinney, will break ground in early 2020 on Park 40, a new multifamily development consisting of 313 apartment homes at Baseline, the new 1,100-acre mixed-use community in Broomfield. Part of West Village at Baseline, situated at Highway 7/Baseline Road and I-25, Park 40 plans to feature 51 studio apartments, …

Arel Capital, a New York City headquartered investment firm representing close to $1.6 billion worth of real estate, has sold Cambridge Place, a 114-unit apartment asset located at 1260 S. Bellaire Street in Denver, close to the neighboring Glendale submarket. Justin Hunt and Andy Hellman with Newmark Knight Frank (NKF) …

Treeline Multifamily Partners has selected Mission Rock Residential, a Denver-based multifamily property management company, to manage Encore Evans Station Apartments, a newly constructed 224-unit community in Denver’s Platt Park. “The South Broadway neighborhood within Denver is gaining immense popularity due to its accessibility to some of Denver’s largest employment sectors including …

Atlanta-based Cortland has purchased One330 Apartments, a 149-unit multifamily property in Colorado Springs for $37.1 million. Dan Woodward, David Potarf, Matt Barnett and Jake Young with CBRE Capital Markets represented the seller, The Garrett Companies from Greenwood, Ind. “The Colorado Springs multifamily market continues to attract aggressive capital, including institutional equity, compressing cap rates across the …

The Praedium Group, a New York based national real estate investment firm, has acquired Legacy on the Promenade in Westminster for $93.5 million according to public records. The firm purchased the apartment building from California-based Legacy Partners. Constructed in 2018, Legacy on the Promenade is comprised of an elevatored 4-story building …