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Phoenix & Southwest  + Southwest  + Apartments  |  December 18, 2025
Cortland Cap Hill
Mike Boyd
By: Mike Boyd

Cortland Offloads Denver Rental Community for $70M

Cortland sold the Cortland Cap Hill apartment building at 1200 Grant St. in Denver to Hill Street Realty for $70 million.

The Denver Business Journal reports the new sale price represents a 20% decrease compared to four years ago, when Cortland bought the building. The company purchased the property for $84.25 in 2021.

Cortland Capitol Hill was built in 2017. The 8-story tower comprises 197 units. The units rent for between $1,467 – $6,089.

Hill Street owns several other multifamily properties in Denver, including the VIA Apartments on Broadway. In 2024, Hill Street bought those apartments for $62 million.

Cortland has 12 branded multifamily offerings in metro Denver. Cortland Cap Hill is the second metro Denver property Cortland sold in 2025. This January, the company sold the 14-building apartment complex at 5650 Argonne St. for $99 million to a Boston-based investment group.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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