Mark Knowlton, Advisor; Jim Knowlton, Owner/Principal; and Chris Knowlton, Vice President at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 1224, 1260, and 1262 Graves Avenue in Estes Park, CO. The 36-unit property sold on December 19 for a contract price of $5,775,000 ($160,417 per unit). The multifamily complex features (36) 2-bedroom/1-bath units, each approximately 925 square feet, with private balconies or walkouts overlooking Lake Estes and the Rocky Mountains. Mark, Jim, and Chris Knowlton represented the Buyer in the transaction.

“The new ownership group is excited to leave their mark on the Town of Estes Park by improving the quality of affordable housing available in the market. It was a pleasure working with Kyle Malnati and his team at Kentwood again. It was a true team effort by all parties involved to get this to the closing table and accomplish the goals of both sides with the transaction,” said Mark Knowlton.