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California Investor Claims Broomfield MF for $90M

California-based Oakmont Properties acquired Fusion 355, a 286-unit multifamily property in Broomfield, CO, from Stockton, CA-based AG Spanos for $90 million. The property at 355 Eldorado Blvd. was 85% leased.

Built in 2019, the community consists of a mix of upscale apartments and townhome-style units with in-unit washer and dryer, ceiling fans, storage units, vaulted ceilings, and hardwood flooring. The controlled access, smoke-free community has a 24-hour fitness center, yoga studio, dog park, media and game rooms, elevator access, bike storage, heated pool with spa and Baja deck, community garden, 400 parking spaces, and private garages.

CBRE’s Marc Ross represented the buyer. CBRE’s Dan Woodward, David Potarf and Matt Barnett represented the seller.

Woodward says, “The sale of Fusion 355 is an example of the continued trend of investment capital migrating to Denver from coastal markets in search of slightly higher yields and a stable political and tax environment.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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