 |
| The Artisan, 10025 East Girard Avenue, Denver, CO |
DENVER, CO – HFF announced today that it has closed the sale of The
Artisan, a 434-unit, garden-style multi-housing community in Denver,
Colorado.
 |
| Jordan Robbins |
HFF marketed
the property on behalf of Prime Residential.
Peak Capital Partners purchased the asset for $33.05 million contingent
to existing debt.
The Artisan is 98 percent occupied and consists of 63 percent
townhome-style units, as well as one-, two- and three-bedroom flat-style units
averaging 901 square feet each.
Community amenities include a fitness center, two heated swimming
pools, sport court, business center, two clubhouses and covered parking. The Artisan is located at 10025 East Girard
Avenue within walking distance of two light rail stations and less than 10
minutes from the Denver Technology Center and Southeast Business Corridor.
 |
| Denver Technology Center |
The HFF team
representing the seller was led by director Jordan Robbins and senior
real estate analyst Jake Young.
Prime Residential is one of the largest owners of high-quality,
multifamily rental communities in the Western United States.
The firm has achieved success by creating
value through disciplined acquisitions, sensible capital structures, appropriate
reinvestment and superior management.
Prime Residential’s current portfolio contains approximately 20,000
units.
Peak Capital Partners and its affiliates own and manage
conventional, affordable, and student apartment communities in growth markets
in the United States. Founded in 2007, Peak Capital Partners owns 30 apartment
communities in eight states. Today, the
firm has an asset portfolio valued in excess of $400 million.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
No comments:
Post a Comment