Castle Lanterra Expands Denver Footprint, Again
Castle Lanterra Properties acquired its second property in the metro Denver area at 474 South Wright St. in Lakewood, CO. The New York based owner/operator purchased the 257-unit Mountain Vista Apartments from Jackson Square Properties for $38.3 million.
The complex consists of 201 one-bedroom units, 55 two-bedroom units and one three-bedroom unit. Of the 257 units, approximately 85% have been renovated since original construction.
Located within a 20-minute drive of downtown Denver, the apartment community features such amenities as a resident clubhouse, business center, fitness center, two outdoor swimming pools, picnic areas with barbeque grills, dog park, abundant parking, and laundry rooms in each of its seven buildings.
ARA Newmark’s Shane Ozment and Terrance Hunt represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser