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Phoenix & Southwest  + Southwest  + Texas  + Apartments  | 
Trion Properties Buys Terra Village for $108.75 Million---Rebrand as Edge 26 at Sloan's Lake

Denver-Area Apartment Community Trades for $108.75 Million

Trion Properties purchased the 402-unit multifamily community, Terra Village, for what amounts to $270,000 per unit. The new buyers will be rebranding the property, calling it Edge 26 at Sloan’s Lake.

The transaction was Trion’s fifth in Colorado, amounting to over 1,500 units.

The asset sits on 16 acres, positioning it as a rare low-density community within the high-density urban area of Wheat Ridge/Edgewater/Sloan Lake.

Despite being built in 1970, the previous owners performed a number of renovation projects. Trion’s Farhan Mahmoud says that allows them to basically update the units, “With less risk and overhead, we can now focus on strategically elevating the asset by fully rebranding the property, modernizing classic interiors and incorporating a complete tech package.”

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Farhan Mahmood

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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