Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Atlanta & Southeast  + Phoenix & Southwest  |  June 29, 2022
Connect at First Creek in Denver sells for $43 million
Mike Boyd
By: Mike Boyd

Utah Group Receives $43 Million Loan to Acquire Denver Apartments

ACRE finalized the loan so Utah-based Peak Capital Partners could buy the 150-unit Connect at First Creek. The three year agreement includes options for two single-year extensions. It’s the third loan arrangement between the two companies in the last two years.

Connect at First Creek was built and delivered by Massimino Development in 2020. The Denver community is 96% leased.

Besides having a full slate of amenities, the development is adjacent to the 16,000 acre Rocky Mountain Arsenal National Wildlife Refuge.

ACRE’s Daniel Jacobs says Denver’s growth rate has left apartments in short supply, “Connect at First Creek has already enjoyed impressive success in helping to satisfy that robust demand.”

Connect

Inside The Story

Daniel Jacobs

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
Order Reprints