Aurora Apartments Acquired for $94.75M
Kennedy Wilson recently purchased The Fletcher Southlands, a 320-unit apartment complex at 22959 Smoky Hill Road in Aurora, for $94.75 million. The Denver Business Journal reports the seller was CBRE Global Investors, which purchased the property on behalf of a separate account client for $103.3 million in 2021.
The Fletcher offers one- to four-bedroom units that range from 855 square feet to 1,481 square feet. Amenities include an outdoor pool and spa, a game area, a sun deck with chaise lounges, a grilling area and an upgraded fitness center with Peloton bikes. Rents ran from $1,345 to $5,000 a month.
Built in 2001, The Fletcher Southlands sits along Smoky Hill Road near the Saddle Rock Golf Club and Aurora’s Southlands Mall south of Denver International Airport.
The apartment community includes 14 buildings on 23 acres.
In Colorado, the company also owns Griffis Marston Lake, a 332-unit apartment community in Littleton, along with the Rockrimmon apartments in Colorado Springs.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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