Equity Pays $91.3M for Denver-Area Apartments

Equity Residential has acquired Aventine Littleton, a 227-unit community in the Denver suburb of Highlands Ranch. Century Living, a division of Century Communities’ multifamily division, was the seller.

The asset traded for $91.3 million. Yardi Matrix information shows that the developer brought the property online in phases between 2023 and 2024, using funds from a $48 million construction loan originated by PNC Bank in 2022.

The community encompasses five three- and four-story buildings spread across more than 4 acres. The unit mix consists of one-, two-, and three-bedroom floorplans ranging between 755 and 1,364 square feet. Apartments also include private balconies or patios. Common-area amenities feature a fitness center, swimming pool and hot tub, sunroom, outdoor community kitchen, clubhouse, conference room and workspaces.

The property at 2503 Primo Road, is more than 15 miles away from downtown Denver. Denver International Airport is some 42 miles northeast.

Century Living was represented in the transaction by CBRE’s Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer.