Lincoln Property Company alongside partner Cadillac Fairview recently closed on the purchase of The Pullman. The 13-story boutique residential and retail community is located at 1959 Wewatta St. in Denver’s Union Station neighborhood.

The purchase of The Pullman is the second existing asset acquisition from the $800 million-and-growing U.S. multifamily fund co-sponsored by Lincoln Property Company Residential and Cadillac Fairview.

The Pullman, whose name was inspired by the Pullman train car, sits alongside Denver’s Union Station, highlighting its transit-oriented location. The building is a short walk to Whole Foods and King Soopers with access to coffee shops, restaurants, nightlife, parks, trails, Coors Field and major employers.

“The Pullman’s location is perfect; everything residents need is within a couple of blocks,” said Jeff Courtwright, Lincoln Property Company’s EVP for the Southwest region. “The Denver market has seen substantial rent growth as people continue to move to Colorado from out of state.”

Built in 2020, The Pullman is 168 units and a mix of one-, two- and three-bedroom residences in addition to two-story penthouses. Units range from 819 to 3,784 square feet. The property also includes 2,895 square feet of ground-floor retail space, plus above- and below-ground structured parking.