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Denver Apartment Community Sold for $45M
San Diego-based ColRich Multifamily acquired The Park at Canyon Ridge, a 272-unit, garden-style apartment community in Denver, from San Francisco-based Jackson Square Properties for $44.9 million. HFF marketed the asset exclusively on behalf of the seller, which purchased the property subject to existing debt.
The 94%-leased property is located at 9757 E. Colorado Ave., near the intersection of Havana Street and Florida Avenue in southeast Denver. The 13-acre community features units averaging 785 square feet with washers and dryers, fireplaces and private balconies, and a generous amenity package including a large swimming pool, fitness center and spacious dog park.
The HFF investment advisory team representing the seller included Jordan Robbins, Jeff Haag and Anna Stevens.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

