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New York Investor Expands Colorado MF Portfolio

Castle Lanterra Properties expanded its multifamily portfolio with the acquisition of its third property in the Denver metro area within the past year, bringing its total unit count to more than 900 in the Denver MSA. The New York-based firm purchased the 280-unit Sunset Ridge Townhomes in Westminster from Dallas-based WillMax Capital Management for an undisclosed amount.

Located at 8300 Sheridan Blvd., Sunset Ridge is within a 20-minute drive of both downtown Denver and Boulder. Built in 1972, the community consists of 140 two-bedroom units and 140 three-bedroom townhome-style units, all of which are configured as tri-level townhomes with private outdoor entrances.

Sunset Ridge features an array of amenities including an updated clubhouse, Wi-Fi Café, lounge area and fireplace, zero entry swimming pool, barbeque grills, large dog park, and new parking lot and playground.

ARA Newmark represented the seller.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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