This Week’s Denver Deal Sheet
A 287-unit luxury apartment building in Denver known as Platform Union Station sold to Griffis Residential for $125.5M cash, making it one of the largest multifamily transactions in the metro area in 2023.
The 21-story property was built in 2015 and includes amenities such as a resort-style rooftop terrace and pool, a 24-hour gym and a pet washing station. The complex is also within walking distance of Denver’s top restaurants, entertainment venues and employers.
CBRE’s Terrance Hunt, Shane Ozment, Chris Cowan, Andy Hellman, Justin Hunt, Chris Hart and Brad Schlafer represented the seller in the deal.
“Platform at Union Station is one of Denver’s most-iconic high-rise apartment communities located at the epicenter of downtown Denver,” Hunt said in a press release. “Opportunities to own an asset like this do not come around often, and this will be a great addition to the buyer’s portfolio.”
PEOPLE
Jared Ford joined Catamount Constructors to lead the firm’s build-to-rent and multifamily division. The company currently has completed 56 BTR and multifamily projects in its portfolio, which is valued at $1.4 billion, according to a press release.
SALES
Orion Real Estate Partners acquired a 217-unit apartment complex in Englewood known as Fielders Creek for an undisclosed sum. The property is adjacent to the Loretto Heights redevelopment project. CBRE’s Terrance Hunt, Shane Ozment, Andy Hellman and Justin Hunt represented the seller.
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An eight-unit multifamily property at 3500 N. Tennyson St. in Denver sold for $2M. NorthPeak Commercial Advisors’ Greg Johnson and Conner Piretti represented the seller, while Adam Waggoner of Generator Real Estate represented the buyer.
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The Connor Group purchased the 326-unit Broadstone Olivine apartment complex at 802 W. Long Drive in Littleton for an undisclosed sum. Walker & Dunlop’s Dan Woodward, David Potarf, Matt Barnett and Jake Young arranged the sale on behalf of the buyer.
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Landmark Properties, a real estate investment firm headquartered in Atlanta, purchased a 15-acre parcel near the University of Colorado Boulder to construct a 303-unit student housing project known as The Standard at Boulder. The project is expected to be completed in 2027.
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A 20-unit multifamily property at 1000 S. Logan St. in Denver sold for $20M. The seller was represented by Greg Johnson, Conner Piretti and David Barocas of NorthPeak Commercial Advisors, while the buyer was represented by Jason Koch of Capstone Communities.
FINANCING
LoanCore Capital Credit REIT LLC began foreclosure proceedings on Denver’s Trinity Palace building at 1801 Broadway, the Denver Business Journal reported. Novel Coworking purchased the building in 2019 for roughly $40.1M
