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.
For comments, questions or concerns, please contact Dennis Kaiser