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Los Angeles Apartment Investor Adds to Denver Portfolio
Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.
Los Angeles-based Oak Coast Properties acquired a majority interest in Villas on 76th, a 384-unit workforce housing apartment complex in Denver for $52.5 million. The current owner, Cherry Creek-based BMC Investments, will maintain a minority interest in the project. HFF provided the financing.
Oak Coast Properties will control a majority interest in the project, while BLDG Management, an affiliate of BMC Investments, will retain management and continue to operate the property. This is the fifth investment partnership between Oak Coast Properties and BMC, and the sixth Oak Coast Properties management assignment for BLDG Management.
Located north of the Boulder Turnpike, Villas on 76th community amenities include a playground, pet park, swimming pool and newly renovated clubhouse. BMC acquired the property in 2013, and made substantial investments in renovating much of the deferred maintenance as well as updating the look and feel of the community.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

