Littleton Apartments Trade for $121M
Colt Financing has acquired Broadstone Sterling Ranch, a 332-unit apartment complex in Littleton, Colo., for $121 million. Multihousing News reports that the buyer also took out a $72.6 million Fannie Mae loan originated by CBRE Capital Markets.
Alliance Residential Co. sold the multifamily community for $364,458 per unit. Alliance delivered the property last year using a $66.6 million construction loan issued by Cadence Bank in 2022.
Located at 8425 Old Ski Run Circle, Broadstone Sterling Ranch is 22 miles from downtown Denver.
The community encompasses 11 three- and four-story buildings across more than 12 acres. The unit mix comprises studio, one-, two-, and three-bedroom floorplans ranging from 513 to 1,281 square feet. Some units also feature private balconies or patios.
Common-area amenities include a clubhouse, fitness center, swimming pool and spa, and more than 480 parking spaces. The property also has a fireside lounge, coworking and conference space, entertainment kitchen, rooftop lounge and coffee bar, along with EV charging stations.
Other News
Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion
Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...
Learn more
MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage
The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
Learn more
Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla
Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...
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