The Gateway Arvada Ridge apartments, at 5458 Lee St., in Arvada, were sold for $100 million. TA Realty was the buyer, and Revantage, a corporate services company serving Blackstone Real Estate portfolio companies and investments, was the seller.
The Denver Business Journal reports that the Gateway Arvada Ridge apartments last sold for nearly $131 million in 2022. At that time, Revantage purchased the property from the Praedium Group. The apartment community was completed in 2019. Embrey developed Gateway Arvada Ridge.
Amenities at Gateway Arvada Ridge include a pool and spa, a dog wash, a fitness center and an outdoor grilling and barbecue pavilion.
Earlier this year, TA Realty, the buyer of the apartment community, sold a grocery center in Broomfield for $19 million. The company also sold a 260-unit luxury apartment community in Lakewood for $100 million late last year.
Hamilton Zanze announced the sale of Indigo 19, a 196-unit apartment community in Virginia Beach, Virginia. Hamilton Zanze sponsored the acquisition of the property in January 2020. “Limited new supply and rent growth have supported the Virginia Beach apartment market, creating a favorable environment for multifamily investment,” said Anthony Ly, senior director of transactions at...
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Metro Vancouver has spent years encouraging developers to build taller buildings and more homes. Now, some of the region’s most ambitious residential projects may be worth more if they are scaled back. The economics have shifted so dramatically that some highrise sites could fetch more if redesigned for townhouses or lowrise apartments, according to Kirk...
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Crombie and Wesgroup want to replace a Safeway shopping property in east Vancouver with five residential towers containing 1,082 homes, a new grocery store and additional retail space. The City of Vancouver published the detailed rezoning application on Oct. 19, revealing plans for the property at 3410–3436 Kingsway, near Joyce-Collingwood SkyTrain station. The proposed buildings...
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