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Origin Investments Buys Denver MF for $72M
Chicago-based Origin Investments and Aegon Real Assets US completed the $72.175 million off-market acquisition of Advenir at Saddle Rock, a 320-unit apartment complex in suburban Denver. The 95%-percent leased property is comprised of 96 one-bedroom, 116 two-bedroom, 88 three-bedroom and 20 four-bedroom units in a series of 13 three-story buildings.
The acquisition of the multifamily asset located at 22959 E. Smoky Hill Rd. in Aurora represents a classic value-add investment approach. The complex was developed in 2002, and is at the point in the ownership cycle where substantial capital investments are necessary to keep it well-positioned in its competitive set.
Origin Investments’ Thomas Briney says, “Through the commitment of material capital improvements to refresh the complex, we believe there is great long-term potential to elevate the positioning and stature of this community.”
It is the first time Origin has partnered with Aegon in an investment.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

