Entertainment-Anchored Multifamily Community Sells for $65M in Broomfield

ARA, A Newmark Company recently announced the $65 million sale of Arista Uptown, a 272-unit, multihousing community located in the 200-acre, mixed-use development of Arista, in Broomfield, CO.

Vice Chairmen Shane Ozment, Terrance Hunt, Jeff Hawks and Doug Andrews represented the seller, Millburn & Company, a Salt Lake City-based, privately held investment firm that owns approximately 4,000 units in the Western United States. Millburn & Company originally purchased the asset in 2014, just one year after the property was built. Denver-based Seagate Colorado Partners, LLC, a full-service real estate investment and operating company, purchased Arista Uptown, adding to its portfolio of nearly 3,000 units in Colorado and marking its twelfth multihousing acquisition in the state since 2011.

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