Peak Capital Pays $56M for Denver Apartments
Momemtum at First Creek, a 200-unit apartment community located at 5500 Telluride Street in Denver was sold for $56 million, or about $280,000 a unit. The Denver Business Journal reports Peak Capital Partners was the buyer. Massimino developed the rental community. Bell Partners has been the manager of the property.
Completed in 2023, Momentum at First Creek includes amenities such as a pool, outdoor kitchen with a pizza oven, fitness center, and a clubhouse featuring a game room and collaborative workspaces.
Colliers Debt and Structured Finance provided the financing for the property on behalf of the buyer.
Craig Stack, Bill Morkes, and Nate Moyer of Colliers’ Denver office represented the seller in the transaction.
Find out what still pencils in Phoenix today and be part of the conversation shaping the region’s multifamily, SFR, and BTR landscape going forward. Don’t miss the event where capital leaders, strategy experts, and new opportunities converge on April 8.www.ConnectPHXMF2026.com | Connect Phoenix Multifamily, SFR & BTR | Wednesday, April 8th at The Westin Kierland Resort & Spa, Scottsdale.
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Pasadena Offices Sell for Residential Conversion
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Berkadia Negotiates Student Housing Property Sale in Kansas
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout