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Connor Group Acquires 4th Denver Rental Community
Adding to its multifamily properties in the Denver area, the Connor Group purchased a Littleton community for $100 million. The Connor Group bought its first multifamily property in the Denver area in 2017 and now owns apartments in Lowry, Cherry Creek and the Denver Tech Center.
Broadstone Olivine, located at 8012 W. Long Drive was sold for approximately $306,748 per unit. The seller is Alliance Residential Company, whose headquarters are in Scottsdale, Arizona, which purchased the property in 2019 for $5 million. The apartments were built in 2021.
Designed by Santulan Architecture, the four-story community has 326 units.
Amenities at the property include an outdoor pool, fitness center, coworking space, rooftop lounge, clubhouse and a golf putting green.
This is not the only apartment building Alliance Residential has unloaded this year. It also sold an Uptown property for $111 million in October. The real estate company also has a 332-unit apartment project in Sterling Ranch.
- ◦Sale/Acquisition
