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Oak Coast Lands Metro Denver MF for $124M, Plans Renovation

Los Angeles-based Oak Coast Properties acquired ArtWalk Apartments at City Center in Englewood, CO for $123.5 million. The 438-unit transit-oriented apartment community at 801 Englewood Pkwy. was reportedly sold by CBRE Global Investors.

Oak Coast Properties’ Phil Nahas says, “ArtWalk Apartments is an exceptional community that offers renters a value-oriented alternative to options in central Denver, where prices are much higher.”

The Metro Denver property was built by Trammell Crow Residential in 2001 and is directly adjacent to the RTD Light Rail Englewood Station. The 95%-occupied asset has 15,329 square feet of streel-level retail space and amenities.

The new owner is planning a $4.4-million renovation as part of a continued community value-add investment strategy. Oak Coast’s multifamily portfolio now exceeds 4,608 units, valued at more than $1 billion.

JLL’s Jordan Robbins and Pamela Koster handled the sales transaction. JLL’s Charles Halladay, Brock Yaffe, Rick Salinas, and Matt Cimino arranged a roughly $87-million Freddie Mac Optigo acquisition loan.

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: Trammell Crow
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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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