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Chicago Investor Buys Denver MF for $124M

Early Bird Alert: Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.

Chicago-based Magnolia Capital acquired Griffis North Metro in Denver from Greenwood Village, CO-based Griffis Residential for $124 million. The 562-unit multi-housing community in the Northglenn suburb has been renamed Haven 124 at Eastlake Station since it is near the soon-to-open Eastlake/124th light rail station.

The two-phase community is situated on 24.2 acres at 12255 North Claude Court, near 120th Avenue, east of Washington Street and a few blocks east of Interstate 25. The 96%-leased asset includes 25 garden-style buildings consisting of a variety of one-, two- and three-bedroom floor plans with upscale features.

HFF’s Stephen Skok and Leon McBroom arranged $80.6 million in financing. Two separate seven-year, floating-rate loans were placed with Freddie Mac’s Green Advantage Program.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at HFFConnect With HFF's SkokConnect With Magnolia Capital’s Max Peek

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.

  • ◦Sale/Acquisition
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