{"id":1004127885,"date":"2015-09-21T12:33:44","date_gmt":"2015-09-21T20:33:44","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361509"},"modified":"2022-12-06T12:45:41","modified_gmt":"2022-12-06T20:45:41","slug":"more-apartments-change-hands-in-metro-denver","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/more-apartments-change-hands-in-metro-denver\/","title":{"rendered":"More Apartments Change Hands in Metro Denver"},"content":{"rendered":"

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

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

Bridge Square Apartments<\/p>\n<\/div>\n

Denver\u2019s multifamily market shows no signs of slowing down.<\/p>\n

Another investor has snapped up a 168-unit apartment community in Brighton, Colo., in a deal secured by Marcus & Millichap<\/a>. Alta Community Investment<\/a> paid $12.1 million for Bridge Square Apartments, a four-building community located at 90 S. 18th<\/sup>Ave. in Brighton. Brian Haggar, senior associate at Marcus & Millichap\u2019s Denver office, represented the seller,\u00a0Brixton Capital<\/a>, and procured the buyer. According to data from Yardi Matrix<\/a>, Alta Community Investment also assumed an existing $5.4 million Fannie Mae loan on the property, placed in September 2013.<\/p>\n

\u201cThis fully renovated property, in excellent condition, with a history of high occupancy generated substantial interest from investors,\u201d said Haggar. \u201cLocated in Brighton along Colorado\u2019s growing energy corridor, the property provides the new owner with an asset in a strong rental market with excellent prospects to enhance value as the area\u2019s low vacancy and projected population growth creates increased demand,\u201d he explained.<\/p>\n

Bridge Square Apartments is conveniently situated just two blocks from the Safeway-anchored Friendship Square shopping center, and is within easy access to the I-76 and State Highway 85. Built in 1973, the community offers one- and two-bedroom apartment units, eight laundry facilities, and 100 grade-level parking spaces, among other amenities.<\/p>\n

Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Another investor has snapped up a multifamily community in the Denver metro area.<\/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-1004127885","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest","tag-news"],"acf":[],"yoast_head":"\nMore Apartments Change Hands in Metro Denver - 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\/more-apartments-change-hands-in-metro-denver\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Apartments Change Hands in Metro Denver\" \/>\n<meta property=\"og:description\" content=\"Another investor has snapped up a multifamily community in the Denver metro area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/more-apartments-change-hands-in-metro-denver\/\" \/>\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=\"2015-09-21T20:33:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T20:45:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/8657.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\\\/more-apartments-change-hands-in-metro-denver\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/more-apartments-change-hands-in-metro-denver\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"More Apartments Change Hands in Metro Denver\",\"datePublished\":\"2015-09-21T20:33:44+00:00\",\"dateModified\":\"2022-12-06T20:45:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/more-apartments-change-hands-in-metro-denver\\\/\"},\"wordCount\":222,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/more-apartments-change-hands-in-metro-denver\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/8657.jpg\",\"keywords\":[\"News\"],\"articleSection\":[\"Denver\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/more-apartments-change-hands-in-metro-denver\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/more-apartments-change-hands-in-metro-denver\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/more-apartments-change-hands-in-metro-denver\\\/\",\"name\":\"More Apartments Change Hands in Metro Denver - 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