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| Rob Singh |
DENVER, CO -- The ConAm Group (ConAm), has acquired PeakView Place, a 296-unit apartment
community in the Denver, Colorado market.
PeakView Place is in the City of Englewood, which is within
the heart of Denver’s largest employment center, the 850-acre Denver
Technological Center (DTC).
“The property is located within one-half mile of a light
rail station and one mile of Interstate 25, which provides easy access to all
employment centers, including downtown Denver,” notes Rob Singh, ConAm’s President and Chief Investment Officer.
“We are pleased to acquire this attractive value-add
opportunity in one of the strongest rental growth markets in the country.”
ConAm intends to reposition the asset through an extensive
$5.5 million renovation program, which will include the construction of a new
leasing office, new exterior siding, full interior upgrades and overall
enhancements to the common areas and landscaping.
The property offers amenities including modern floorplans
with full-sized washers and dryers, and central heat/air conditioning, as well
as fireplaces, a pool and spa, and a fitness center.
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| Peakview Place, Englewood, CO |
With this acquisition, ConAm’s Colorado portfolio now totals approximately 5,500 units, including owned and managed assets.
Founded in 1975, The ConAm Group of Companies is a
full-service real estate investment and management firm specializing in
multifamily housing. Based in San Diego, California, the firm is active in the
development, acquisition and rehabilitation of apartment communities.
ConAm
oversees a nationwide portfolio of approximately 50,000 company-owned and
fee-managed apartments.
Additional information is available at www.conam.com.
For a complete copy
of the company’s news release, please contact:
Brower, Miller & Cole
Lexi Astfalk or Jenn Quader
(949)955-7940
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