Monday, September 16, 2019

JLL closes sale and financing of Copper Canyon Apartments in Highlands Ranch, CO

Pam Koster

DENVER, CO  JLL announced it has closed the sale and financing of Copper Canyon, a 222-unit, garden-style apartment community in the Denver suburb of Highlands Ranch, Colorado.

JLL marketed the asset exclusively on behalf of the seller and procured the buyer, CARROLL.

 Additionally, JLL worked on behalf of the new owner to secure a 10-year, floating-rate acquisition loan through Freddie Mac. The loan will be serviced by Jones Lang LaSalle Multifamily, LLC, a Freddie Mac Optigo lender.

Dave Martin 

Copper Canyon is located at 3880 E. County Line Road near the intersection of C-470 and University Boulevard. The community, which is situated on 13 acres, offers residents easy access to employers in and around the Denver Tech Center, metro Denver’s premier employment center. 

Copper Canyon consists of a mix of one-, two- and three-bedroom units averaging 884 square feet that feature fully equipped kitchens, garden tubs, in-unit washers and dryers, spacious closets and balconies with mountain views. 

Community amenities include a swimming pool with heated spa, courtyard with grilling area, 24-hour fitness center, business center, playground and detached garages. The property was approximately 96 percent occupied at closing.

Brian Mooney

The JLL Capital Markets team that represented the seller was led by Managing Directors Dave Martin and Pam Koster and Vice President Brian Mooney.

JLL’s Capital Markets team that arranged the acquisition financing for the borrower/buyer was led by Managing Director Matt Steffen.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

Matt Steffen

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.


Olivia Hennessey, JLL Public Relations Specialist
Phone: +1 713 852 3403

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