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Two Denver MF Assets Trade for $31M
Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.
Boulder, CO-based Mountain View Capital LLC purchased two Denver apartment communities totaling 429 units from an undisclosed seller for $30.9 million. The acquisitions boost the buyers’ Denver area portfolio to six properties.
Coronado Crossing (pictured) was acquired for $13.4 million, and consists of 193 units built in 1970. At 7030 N. Pecos St., the community is less than 15 minutes from downtown Denver.
Valley Park Village Apartments was completed in 1962, and purchased for $17.5 million. The 236-unit community is located at 645 Wolff St., and consists of 14 buildings on 16.22 acres.
Transwestern’s Tom Wanberg and John Blackshire represented the seller in the dispositions.
“These properties presented a compelling opportunity to realize substantial upside by upgrading the units and common areas,” said Blackshire. “Both properties are situated in improving areas that will receive significant activity once the renovations are complete.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

