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Denver-Area Multifamily Sold for $154M

An affiliate of Treeline Multifamily Partners Ltd. acquired Bell Summit at Flatirons in Broomfield, one of Denver metro’s fastest-growing suburbs, for $154.05 million. The seller of the 500-unit multifamily property at 210 Summit Blvd. was Bell Partners.

Built in 2004, the community offers one- and two-bedroom units. The property underwent more than $13 million in unit and common area renovations in 2016. Improvements included upgrading units with stainless-steel appliances, new vinyl plank flooring, quartz counters, new lighting, and repainted hallways.

The fitness center and yoga studio was relocated and received upgraded equipment and bike storage. Community amenities include a business lounge, resort-style pool and jacuzzi, barbecue areas and resident lounge and courtyard.

JLL Capital Markets’ Jordan Robbins and Pamela Koster arranged the sale. JLL’s Josh Simon and Rob Bova secured $103 million in acquisition financing on behalf of the buyer. The seven-year Freddie Mac loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Treeline Multifamily Partners Ltd.Connect With Bell PartnersConnect With JLL’s Robbins

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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