Monday, January 4, 2021

Bell Summit at Flatirons apartments in Broomfield, CO sold for $154 million


Pamela Koster

DENVER, CO, Jan. 4, 2021 – JLL Capital Markets announced today that it has closed the $154.05 million sale and arranged $103 million in acquisition financing for the Bell Summit at Flatirons (“Bell Summit”) multi-housing property located in Broomfield, one of the fastest-growing suburbs in the Denver metro area. 

 Jordan Robbins

JLL worked on behalf of the seller, Bell Partners, to complete the sale to the buyer, an affiliate of Treeline Multifamily Partners Ltd. JLL also worked on behalf of the borrower to secure the seven-year loan through Freddie Mac. 

 The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender. 

Josh Simon

 Bell Summit at Flatirons was built in 2004 and consists of 500 one- and two-bedroom units offering spacious floorplans. 

 In 2016, the property underwent more than $13 million in unit and common area renovations.

Robert (Rob) Bova

 The JLL Capital Markets team representing the seller was led by Managing Directors Jordan Robbins and Pamela Koster.

The JLL Capital Markets team representing the buyer was led by Managing Director Josh Simon and Director Rob Bova. 

  CONTACT: 

 Natalie Passarelli 
 JLL Senior Associate 
Public Relations 
Phone: +1 224 477 7307 

No comments:

Post a Comment