Two Arrows Group and LEM Capital have acquired Eastglen Apartments, a 102-unit multifamily property in Longmont, Colo., near Denver. A private investor sold the asset for $18.6 million.

Commercial Edge reports the buyers financed the purchase with a $12 million Freddie Mac loan. JLL Capital Markets negotiated on behalf of the borrower to secure the five-year, fixed-rate note that will be serviced by JLL Multifamily LLC. JLL Managing Directors Tony Nargi and Brock Yaffe led the Capital Markets Debt Advisory team that negotiated on behalf of the borrower.

Eastglen Apartments is a four-building community located at 630 Lashley St. The property includes one-, two- and three-bedroom units with sizes between 700 and 1,025 square feet.

Amenities include patios or balconies, a swimming pool, a courtyard, a playground area and 130 parking spots. Eastglen Apartments is close to multiple retail options, such as The Home Depot, Walmart Supercenter, Target and Costco.