Gelt Bets Big On Suburban Denver With $107M Apartment Buy
7.13.17 Gelt Apartment Complex Sale Lakewood, Multifamily Purchase Lakewood, Suburban Denver Multifamily MarketIn its largest deal by dollar amount in any market, LA-based apartment investor Gelt acquired a two-asset, 580-unit apartment portfolio for $107M in Lakewood, but the acquisition has not sated the company’s appetite. Gelt partner Keith Wasserman said the ...
Denver Named One of 2017’s Hottest Rental Markets
7.12.17 Denver Rental Market, Multifamily Brokers Denver, State of the Multifamily MarketGood news for developers — according to the National Multifamily Housing Council, the U.S. will need 4.6 million new apartments by 2030 to meet demand for rental living. In fact, the latest data from Yardi Matrix indicates apartment construction is at a ...
Ohio firm drops $65 million on Cherry Creek apartment buy
7.4.17 Apartment Building Sale Cherry Creek, Denver Multifamily Sale, The Gardens at Cherry CreekThe Connor Group, an Ohio-based company, has acquired The Gardens at Cherry Creek, a 191-unit apartment complex at 225 S. Harrison St. for $65 million, according to Denver County public records. It’s The Connor Group’s first acquisition in Denver, ...
Apartment rent growth may have slowed compared to its pace earlier in the cycle, but renter demand is very nearly off the charts. RealPage Inc. on Thursday reported demand for 175,645 apartments across the US in the second quarter, a one-third increase year ...
Developer trio shells out $2M for RiNo infill project
6.29.17 Billy Riesing, Riesing Urban PropertiesAnother week, another million-dollar RiNo infill deal. A trio of local developers bought a 14,000-square-foot triangle at 3724 Walnut St. near the 38th and Blake light rail station for $2.1 million. In an email statement, Chad Ellington with Peak Development ...
Table is set for S. Broadway bar-arcade concept
6.21.17 Broadway Retail, Jamie Mitchell, Retail Broker EnglewoodEvery night is game night at a new pub coming to downtown Englewood. Jason Ungate and his wife are opening Tabletop Tap at 3394 S. Broadway, with a new twist on the arcade bars that have popped up around downtown. Ungate said he hopes to lure customers with a ...