Colorado

Core-Arvada
Build-to-RentColoradoDevelopmentLeasing & MarketingNewsWestern

Core Opens Leasing at Denver-Area Asset

by Lynn Peisner

ARVADA, COLO. — Core Spaces is now leasing at Oxenfree Clear Creek, the Chicago-based developer’s build-to-rent asset in Arvada, 11 miles west of Denver. The project includes 116 multi-level townhomes in three- or four-bedroom floor plans. According to Apartments.com, monthly asking rents range from $4,190 to $4,715. Oxenfree Clear Creek features an amenity “fieldhouse,” which includes a fitness center and sauna, sport court and coworking spaces and an additional 22,700 square feet of outdoor amenities including grilling stations, dining and entertainment areas, a playground and greenspace.

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Garrett-Cos-Colorado-Springs
ColoradoDevelopmentNewsWestern

Garrett Cos., Ware Malcomb Break Ground in Colorado Springs

by Lynn Peisner

COLORADO SPRINGS, COLO. — The Garrett Cos. has begun development of an unnamed project in Colorado Springs. Ware Malcomb is providing architecture and civil engineering services for the 163-unit project, situated on 7.3 acres at the intersection of Barnes Road and Rio Vista Street northeast of the city’s downtown area in the Village Seven neighborhood. The developer will complete the project by approximately July 2026. The garden-style design includes four four-story buildings. The unit mix is a combination of one-, two- and three-bedroom floor plans. Every unit will have a …

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Alta-Flatirons
ColoradoDevelopmentNewsWestern

Wood Partners Breaks Ground on Alta Flatirons Near Denver

by Lynn Peisner

SUPERIOR, COLO. — Wood Partners has broken ground on Alta Flatirons in Superior, 22 miles northwest of Denver. The 251-unit building will include a mix of studio, one- and two-bedroom layouts. Amenities feature a lobby area with a coffee bar, a clubroom with kitchen and wine storage, a library with coworking space, a billiards room, conference and game rooms, a fitness center, pool and a courtyard with a grilling area and dog park. Wood Partners will complete the project by approximately April 2027. Alta Flatirons is being developed on the …

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UplandFlats Thompson Thrift
ColoradoInvestment SalesNewsWestern

Thompson Thrift Sells Upland Flats in Colorado Springs

by Lynn Peisner

COLORADO SPRINGS, COLO. — Thompson Thrift has sold Upland Flats in Colorado Springs to NALS Apartment Homes for an undisclosed figure. Matt Barnett, Dan Woodward, Jake Young and Dave Potarf of Walker & Dunlop brokered the sale. Thompson Thrift began developing the 300-unit community in 2021. Equity for the project was provided by the Watermark 2021 Multifamily Development Fund III LP. Situated on 15.5 acres, Upland Flats’ amenity package includes 24-hour fitness centers, community gardens, dog parks and more.

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Outlook-Table-Mesa
ColoradoInvestment SalesNewsWestern

Evergreen Devco Sells Metro Denver Asset for $97 Million

by Lynn Peisner

WHEAT RIDGE, COLO. — Evergreen Devco has sold Outlook Table Mesa, a 250-unit development in Wheat Ridge, for $97 million. The buyer was FJ Management. Dave Martin and Brian Mooney of Northmarq’s Denver office negotiated the sale on behalf of Evergreen. Situated within the Clear Creek Crossing mixed-use development, Outlook Table Mesa offers a clubhouse featuring a business lounge, a fitness center, electric-vehicle charging stations and a secure mail room with package lockers and a dedicated space for oversized deliveries. Outdoor amenities include a hot tub and a resort-style pool …

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Briarwood Apartments
Colorado

Pinnacle Brokers Sale of 60-Unit Briarwood Apartments in Pueblo, Colorado

by Channing Hamilton

PUEBLO, COLO. — Pinnacle Real Estate Advisors has negotiated the $5.5 million sale of Briarwood Apartments, a community located at 2026 Carlee Drive in Pueblo, about 43 miles south of Colorado Springs, Colorado. The property features 60 apartments, as well as an on-site manager house and workshop. Briarwood Apartments ofers 30 one-bedroom units and 30 two-bedroom units. Chris Knowlton of Pinnacle brokered the deal on behalf of both the undisclosed seller and undisclosed buyer.

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Solaire Apartments
ColoradoInvestment SalesNewsWestern

Milestone Acquires Solaire Apartments in Denver Suburb

by Channing Hamilton

BRIGHTON, COLO. — The Milestone Group has purchased Solaire Apartments, a 252-unit community located at 1287 S. 8th Ave. in Brighton, roughly 21 miles northeast of Denver. The purchase price was not disclosed. Solaire Apartments offers one-, two-, and three-bedroom apartments. Residents have access to shared amenities including a clubroom with a kitchen and business center, fitness center, dog park, playground, native grass areas and a pool with a lap lane, hot tub and lounge.

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ColoradoDevelopmentNewsWestern

Avanti Residential Launches Development Arm

by Channing Hamilton

DENVER — Avanti Residential, a Denver-based investor and operator, has launched a new development arm to execute round-up multifamily and build-to-rent developments across the U.S. The company appointed Kyle Henderson, who has about two decades of multifamily development experience at firms such as D.R. Horton and Wood Partners, to lead the newly established affiliate. Avanti Residential’s portfolio currently comprises 9,363 units across 40 properties in seven states: Colorado, Kansas, Missouri, Arizona, Florida, Utah and Tennessee.

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The Jasper
ColoradoDevelopmentFinanceNewsWestern

First Stone Development Secures $15.8 Million in Construction Financing for Denver Project

by Channing Hamilton

DENVER — First Stone Development has received $15.8 million in financing for the construction of The Jasper, a property located at 4353 Tennyson St. in Denver’s Berkeley neighborhood. The Jasper will offer 34 apartments and 2,700 square feet of street-level retail space. Phillip Gause and Jim Wilkins of Marcus & Millichap Capital Corp.’s Denver office worked on behalf of the borrower to secure $2 million in preferred equity and $13.8 million in debt. The construction loan was placed with a debt fund and features a two-year term.

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Eric Thorsen
ColoradoNewsPeople NewsWestern

Atlas Real Estate Appoints Eric Thorsen as Chief Investment Officer

by Channing Hamilton

DENVER — Atlas Real Estate, a Denver-based owner and operator of single-family rental (SFR) and build-to-rent assets, has promoted Eric Thorsen to the position of chief investment officer. In his new role, Thorsen will oversee the firm’s investment strategy, including joint ventures, acquisitions, dispositions, asset management and data strategy. He joined Atlas Real Estate as an analyst and has since helped execute about $2 billion in SFR transactions.

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