Student Housing Property Opposite Denver University Sells for $24.5M
Berkadia recently announced the sale of University Lofts — a 36-unit, 98-bed, mixed-use student housing property located at 2373 E. Evans Ave. in Denver — for $24.5 million, to an undisclosed buyer.
Senior Managing Director Kevin Larimer of Berkadia Detroit, Brandon Buell of Berkadia Houston, and Senior Director Nick Steele and Directors Tyler King and Nate Moyer of Berkadia Denver, completed the sale on behalf of the seller, California-based Amplify Development Company.
“University Lofts is located at Main & Main in one of the most affluent sub-markets in Denver,” said Steele. “The asset garnered significant interest from a mix of student housing groups as well as high-net-worth individuals who were attracted to the high-quality asset and location across the street from the University of Denver.”
University Lofts features studio-, two- and four-bedroom floor plans. Community amenities include a newly renovated student lobby, heated underground parking and street-level retail. The property affords residents convenient access to buildings associated with the University of Denver, Centura Porter Adventist Hospital, Overland Golf Course, Denver Botanic Gardens, Denver Zoo and the shops and restaurants along Evans Avenue.