BrokerageMultifamily

Multifamily Portfolio Near Swedish Medical Center Sells for $15.35M

Berkadia — a joint venture of Berkshire Hathaway and Jefferies Financial Group — has announced the off-market sale of the Swedish Portfolio, a three-property, 79-unit multifamily portfolio in Englewood, for $15.25 million. The sales price reflects a per-unit price of $193,038.

Senior Directors John Laratta and Nick Steele, Director Tyler King, and Associate Director Nate Moyer, all of Berkadia Denver, led the transaction on behalf of the Colorado-based seller. The deal closed on December 30.

“Having owned the assets since 2008, the seller decided the time was right to exit the market at a favorable valuation,” said Laratta. “Conversely, the buyer felt it was a great time to add to their existing portfolio.”

The three properties located in Englewood include:

The Lorinda, a garden-style, 39-unit apartment building built in 1970. The building features all brick construction, renovated one- and two-bedroom units, a common area courtyard, two laundry rooms, and a shared leasing center/office, which serves all three buildings.

The Knollwood & Tanglewood, also garden-style properties, consisting of two side-by-side, 20-unit buildings built in 1969. Features include all brick construction, fully renovated one-bedroom units, a common area courtyard, onsite laundry, and off-street parking.

The Swedish Portfolio is located one block north of the Swedish Medical Center. With over 400 beds and 2,000 employees, the hospital is one of the largest economic drivers in the immediate area and is part of UCA’s HealthONE network.

Previous post

Movers and Shakers Week Ending 01.14.22

Next post

103-Unit Affordable Multifamily Property in Glendale to be Renovated

No Comment

Leave a reply

Your email address will not be published.