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Sequoia Acquires Englewood Apartments for $450K/Unit
Sequoia Equities recently acquired The Kent Place Residences in Englewood, Colorado for $135 million, or $450,000 a unit. The 300-unit project was sold by JP Morgan. The Kent Place Residences, at 3465 Gaylord Court feature one-, two- and three-bedroom apartments ranging from 832 to 2,779 square feet.
Located in the Cherry Hills neighborhood, the apartment building is within walking distance to shopping, dining and entertainment. It includes amenities like a rooftop lounge, an outdoor grill and kitchen, an open-air swimming pool and spas.
The apartment is in Kent Place, a mixed-use neighborhood. Kent Place includes the apartment building and 20,000 square feet of retail, service and restaurant space. The project is anchored by a 30,000-square-foot King Soopers grocery store.
Sequoia, based out of Walnut Creek, California, owns communities across the West Coast. Along with its new Englewood location, the company own five other apartment developments in the Denver area.
- ◦Sale/Acquisition
