Oak Coast Properties made its 12th buy in the Denver area, paying $143 million for the Courtyards at Buckley. JRK Investors Inc. sold the property, located at 2134 S. Richfield Way in Aurora, CO.
The Los Angeles-based buyer is planning significant enhancements to the 1980s property as part of its value-add investment strategy. Improvements will include upgrades to units, amenities and landscaping, stair and roof repairs and creation of a dog park. Current features include a playground, two swimming pools, a fitness center and business center. Echelon Property Group will manage the asset.
JRK Investors was represented by Shane Ozment and Terrance Hunt with Newmark Knight Frank. Charlie Halladay, Brock Yaffee and Rick Salinas with JLL arranged the Freddie Mac acquisition loan.
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