Baker apartment complex sells for nine figures

275 S. Cherokee St

The IMT Alameda Station apartment complex at 275 S. Cherokee St. sold for $109.6 million. (Thomas Gounley)

An apartment complex along Alameda Avenue in Denver’s Baker neighborhood has sold for nine figures.

EGMR Alameda Station QI LLC paid $109.6 million last week for IMT Alameda Station at 255 S. Cherokee St., according to county records. The purchasing LLC lists an office address that is in care of Maryland-based NewTower Trust Co.

The complex, which tops out at four stories, has 338 units, making the deal worth $324,260 a unit. The complex does not have a retail component.

The complex was sold by IMT Residential, which purchased it from developer Wood Partners for $84 million in September 2014, not long after construction was completed.

IMT still owns two big apartment complexes in Denver, IMT City Park at 1600 Fillmore St. and IMT Cherry Creek 4750 E. Cherry Creek Drive South, according to the company’s website.

275 S. Cherokee St

The IMT Alameda…

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments