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Oak Coast Completes $163M Disposition of Denver MF

Los Angeles-based Oak Coast Properties completed the $163-million disposition of the Pembrooke on the Green Apartments in Denver. The buyer was Bridge Investment Group. The transaction is one of the largest apartment community sales in Denver by value in 2020.

Oak Coast Properties originally purchased the community – one of the largest in Denver encompassing 959 units – in 2016 and deployed an extensive renovation plan to the property as part of its value-add investment strategy.

Originally built during the 1974 to 1980 period, Pembrooke on the Green is located at 10700 E. Dartmouth Ave. in Southeast Denver, near the junction of I-225 and I-25, and within close range of Denver Tech Center, Downtown Denver, Fitzsimons Life Science District and Denver International Airport. The community’s units are set within 37 three-story buildings and offered as a mix of studios, one- and two-bedroom units.

NKF’s Terrance Hunt and Shane Ozment 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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