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Lex at Lowry Ranks Among Seven with 700+ Units
CIM recently acquired The Lex at Lowry, a 710-unit apartment community set on approximately 26 acres located at 240 S. Monaco Pkwy. in Denver. The acquisition expands CIM Group’s Denver-area residential portfolio to more than 1,300 units. The purchase price was undisclosed.
The Lex at Lowry is one of only seven apartment properties with more than 700 units in the Denver metropolitan area. Originally built in 1972, The property comprises 24 buildings, a combination of townhome and mid-rise units, and 1,204 parking stalls. The Lex at Lowry offers a range of residences from one- to three-bedroom apartments and townhomes.
“CIM Group’s team has deep experience with well-located significant multifamily communities in markets across the country, which it brings to the ownership and operations of The Lex at Lowry,” said Shaul Kuba, co-founder and principal at CIM Group.
The property has a central location between Lowry and Cherry Creek on Denver’s east side. The Lex has access to Denver’s largest employment bases including Cherry Creek, downtown Denver and Denver Tech Center.
- ◦Sale/Acquisition
