Bell Adds to Denver Apartment Portfolio
A Bell Partners fund spent $133 million to purchase the 400-unit Montane Apartments at 18301 Cottonwood Drive in Parker. Starlight Investments sold the property, which was acquired for $120 million in 2019 from the developer Alliance Residential Co. The Denver Business Journal reports that Bell Partners now owns or manages a portfolio of around 7,400 apartment homes in 21 communities across the Denver metro area.
The apartments to be renamed Bell Parker Ranch were completed in 2018. It features 23 buildings. Bell Parker Ranch offers studio—to three-bedroom floor plans. Apartments range in size from 707 to 1,235 square feet.
The apartment complex is on the northeast corner of the South Parker Road and Cottonwood Drive intersection. The nearby Cherry Creek Trail System connects to numerous parks throughout Parker.
Jordan Robbins of JLL Capital Markets, brokered the deal.
Other News
Benedict Canyon Acquires Neighboring West Hollywood Properties
Marcus & Millichap completed the sale and financing of 884 and 939 Palm Ave., two multifamily properties totaling 72 units in West Hollywood. The assets traded for $29.85 million, or $414,583 per unit. Tony Azzi and Rabbie Banafsheha of The Azzi Group of Marcus & Millichap exclusively represented the seller, a private family investor. Azzi,...
Learn more
JLL Arranges Refi for Mixed-Use Residential on Long Island’s South Shore
JLL Capital Markets arranged a $154.25-million refinancing for Greybarn Amityville, a mixed-use residential property in Amityville, NY, owned by Rechler Equity Partners. Senior managing directors Peter Rotchford and Andrew Scandalios and director Clayton Ross arranged the financing through PCCP, LLC. “Lenders are looking closely at how a multifamily property performs today and at the owner’s...
Learn more
RioCan Repositions $235M In Assets, Including 80-Storey Yorkville Tower
RioCan is shifting $235M in residential development assets toward commercial uses, a move disclosed in its third-quarter results that raises questions about plans for an approved 80-storey condominium tower on Toronto’s Mink Mile. The tower at 83–95A Bloor St. W., planned with Parallax, received zoning approval in December 2024. But RioCan’s latest financial statements identify...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout