{"id":1004127703,"date":"2015-09-18T05:41:28","date_gmt":"2015-09-18T13:41:28","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361293"},"modified":"2020-04-08T08:59:08","modified_gmt":"2020-04-08T16:59:08","slug":"advenir-goes-shopping-in-aurora","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/advenir-goes-shopping-in-aurora\/","title":{"rendered":"Advenir Goes Shopping in Aurora"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"Advenir<\/a><\/p>\n

Advenir at Del Arte – 151 S Joliet Circle<\/em><\/p>\n<\/div>\n

Another week brings another multifamily deal to the Mile-High City.<\/p>\n

Atlanta-based Wood Partners<\/a> has parted ways with Del Arte Lofts and Flats, a 12-building, 351-unit multifamily community in Aurora, Colo. The buyer\u2014Aventura, Fla.-based Advenir Inc.<\/a>\u2014enlisted the help of HFF<\/a> to secure $41.8 million in financing through Freddie Mac\u2019s CME Program.<\/p>\n

The seven-year, 2.28 percent, adjustable-rate securitized loan with three years interest will be serviced through HFF\u2019s Freddie Mac Program Plus Seller\/Services program. Loan proceeds were used to acquire the asset, at a sale price of $51.9 million\u2014or $147,971 per unit\u2014according to Yardi Matrix<\/a> data. An HFF debt placement team led by Josh Simon and Eric Tupler represented the buyer\/borrower in the deal.<\/p>\n

Advenir will rebrand the property as 151 S. Joliet Circle Advenir at Del Arte, and will invest in a minor capital improvement program to enhance the asset\u2019s overall value. The 29-year-old property is currently 93 percent leased, and is conveniently located less than ten miles southeast of Denver\u2019s central business district. Advenir at Del Arte is also in close proximity to the Lowry Air Force Base and the 578-acre Fitzsimons\/Anschutz Medical Campus.<\/p>\n

Featuring 351 studio, one-, two-, and three-bedroom units, the 11.7-acre community incorporates amenities such as a resort-style swimming pool, fitness center, clubhouse with business center, 422 parking spaces, and 17 laundry facilities.<\/p>\n

Image courtesy of Yardi Matrix<\/a><\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Yet another multifamily asset has changed hands in the buzzing Denver metro.<\/p>\n","protected":false},"author":192,"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":[682],"class_list":["post-1004127703","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest","tag-news"],"acf":[],"yoast_head":"\nAdvenir Goes Shopping in Aurora - 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\/advenir-goes-shopping-in-aurora\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advenir Goes Shopping in Aurora\" \/>\n<meta property=\"og:description\" content=\"Yet another multifamily asset has changed hands in the buzzing Denver metro.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/advenir-goes-shopping-in-aurora\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-18T13:41:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T16:59:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/5128.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-goes-shopping-in-aurora\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-goes-shopping-in-aurora\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"Advenir Goes Shopping in Aurora\",\"datePublished\":\"2015-09-18T13:41:28+00:00\",\"dateModified\":\"2020-04-08T16:59:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-goes-shopping-in-aurora\\\/\"},\"wordCount\":242,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-goes-shopping-in-aurora\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/5128.jpg\",\"keywords\":[\"News\"],\"articleSection\":[\"Denver\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-goes-shopping-in-aurora\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-goes-shopping-in-aurora\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-goes-shopping-in-aurora\\\/\",\"name\":\"Advenir Goes Shopping in Aurora - 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