{"id":1004050195,"date":"2012-10-17T07:28:35","date_gmt":"2012-10-17T15:28:35","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=75211"},"modified":"2020-04-13T09:59:59","modified_gmt":"2020-04-13T17:59:59","slug":"waterton-associates-closes-on-purchase-of-276-unit-community-in-westminster","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/waterton-associates-closes-on-purchase-of-276-unit-community-in-westminster\/","title":{"rendered":"Waterton Associates Closes on Purchase of 276-Unit Community in Westminster"},"content":{"rendered":"<p>By Gabriel Circiog, Associate Editor<\/p>\n<p>Chicago-based Waterton Associates LLC recently closed on the acquisition of 9100 Vance Apartments\u2014a 276-unit apartment community in Westminster, Colo. <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/10\/9100-Vance-Apartments.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-75213\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/10\/9100-Vance-Apartments.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>Located near Highway 36, the metro area\u2019s primary link between Boulder and Denver, the community offers residents accessibility to the entire Denver metro area, the Rocky Mountains and numerous shopping and entertainment venues.<\/p>\n<p>Additionally, the property is one block east of Wadsworth Avenue, offering direct access to the 963-acre Interlocken Business Park\u2014the home of major employers such as Oracle, Ball Corporation and Google.<\/p>\n<p>Built in 1994 by Windsor Development, 9100 Vance features 12 three-story buildings and includes one- and two-bedroom garden-style units. Waterton plans to implement a physical upgrade renovation program, which aims to add value to the property.<\/p>\n<p>\u201cWaterton is excited to add this high quality asset to its growing portfolio,&#8221; said Matt Mastiner, senior vice president of acquisitions at Waterton Associates. &#8220;9100 Vance&#8217;s strong location within a desirable submarket and its attractive amenity package further reinforced our decision to acquire the asset.\u201d<\/p>\n<p>According to a recent report released by Marcus &amp; Millichap, in step with a vacancy-rate decline, rents have risen across the Denver metro area. Since the second quarter of last year, asking and effective rents have increased 2.3 percent and 3.1 percent, respectively.<\/p>\n<p>Waterton Associates LLC, a private equity real estate investment firm, was launched in 1995. Through the company\u2019s multifamily property management company, Waterton Residential, it has completed over $3.3 billion in investments involving a portfolio of over 40,000 apartment units.<\/p>\n<p>Currently, Waterton Associates LLC manages over 18,000 apartments located in 12 states. The firm also controls debt investments secured by multifamily properties with total principal balances exceeding $1 billion.<\/p>\n<p>For more market data from Denver, <a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-strong-employment-boosts-demand-in-denver-sending-construction-to-nine-year-high\/1004059123.html\" target=\"_blank\" rel=\"nofollow\">click here<\/a>.<\/p>\n<p><em>Chart Courtesy of: Marcus &amp; Millichap<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Circiog, Associate Editor Chicago-based Waterton Associates LLC recently closed on the acquisition of 9100 Vance Apartments&mdash;a 276-unit apartment community in Westminster, Colo. Located near Highway 36, the metro area&rsquo;s primary link between Boulder and Denver, the community offers residents accessibility to the entire Denver metro area, the Rocky Mountains and numerous shopping and [&#8230;]<\/p>\n","protected":false},"author":1269,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21742],"tags":[1815],"class_list":["post-1004050195","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Waterton Associates Closes on Purchase of 276-Unit Community in Westminster - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/waterton-associates-closes-on-purchase-of-276-unit-community-in-westminster\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Waterton Associates Closes on Purchase of 276-Unit Community in Westminster\" \/>\n<meta property=\"og:description\" content=\"By Gabriel Circiog, Associate Editor Chicago-based Waterton Associates LLC recently closed on the acquisition of 9100 Vance Apartments&mdash;a 276-unit apartment community in Westminster, Colo. 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