The apartment complex at 818-848 S. Dexter St. in Denver sold for $26.75 million. (Thomas Gounley)
Big-time Denver landlord RedPeak has bought another apartment complex, this one along the border with Glendale.
According to public records, the company paid $26.75 million last week for 180 Flats, the apartment complex at 818-848 S. Dexter St. in Denver.
The five-story apartment complex has 142 units, making the deal worth $188,340 a unit.
The property was sold by 180 Flatarel LLC — an entity affiliated with New York-based Arel Capital — which purchased the property in May 2017 for $22.3 million, according to records.
Earlier in February, RedPeak purchased a six-building portfolio spanning from West Washington Park to Cheesman Park for $39 million.
With the latest buy, RedPeak now owns 2,795 apartments in Denver.
Other significant multifamily sales in the Glendale area recently include AMLI Residential’s $108 million buy at the end of December, Laramar Group’s October purchase of three complexes for $56 million and Bridge Investment Group’s $93 million buy in late September.
The apartment complex at 818-848 S. Dexter St. in Denver sold for $26.75 million. (Thomas Gounley)
Big-time Denver landlord RedPeak has bought another apartment complex, this one along the border with Glendale.
According to public records, the company paid $26.75 million last week for 180 Flats, the apartment complex at 818-848 S. Dexter St. in Denver.
The five-story apartment complex has 142 units, making the deal worth $188,340 a unit.
The property was sold by 180 Flatarel LLC — an entity affiliated with New York-based Arel Capital — which purchased the property in May 2017 for $22.3 million, according to records.
Earlier in February, RedPeak purchased a six-building portfolio spanning from West Washington Park to Cheesman Park for $39 million.
With the latest buy, RedPeak now owns 2,795 apartments in Denver.
Other significant multifamily sales in the Glendale area recently include AMLI Residential’s $108 million buy at the end of December, Laramar Group’s October purchase of three complexes for $56 million and Bridge Investment Group’s $93 million buy in late September.
Leave a Reply