Local Investor Bags Southwest Denver Apartments for $62M
Griffis Residential acquired the 332-unit Monterey Apartments at 4601 S Balsam Way in southwest Denver for $62M. The seller was a local family operating as Monterey Fox LLC. Griffis owns a number of properties in metro Denver; in November, the company bought a Boulder complex now called Griffis 3100 Pearl for $136M, the Denver Business Journal reports.
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