Colorado

The-Ford-Apartments-Denver
Affordable HousingColoradoDevelopmentNewsWestern

Evergreen Real Estate Group Secures Land, Tax Credits for Denver Affordable Development

by Lynn Peisner

DENVER — Evergreen Real Estate Group has closed on land and secured 9 percent Low-Income Housing Tax Credits through the Colorado Housing and Finance Authority for the development of The Ford Apartments, a six-story, 60-unit community in Denver’s Baker neighborhood. Monthly rents will be income-capped at 30 to 80 percent of area median income. Evergreen expects to break ground on the project in early 2026 and to complete it in fall of 2027. Located at 155 W. 5th Ave., the site is situated adjacent to the Denver Health hospital campus. …

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plaza-at-pikes-peak
ColoradoFinanceNewsWestern

Dwight Capital Secures HUD Loan for Plaza at Pikes Peak

by Lynn Peisner

COLORADO SPRINGS, COLO. — Dwight Capital has arranged a $48.3 million loan for Ryan Dunn of Dunn & Associates and Taylor Turano of Denver Land Co. Dunn and Turano will use the HUD loan to refinance an existing mortgage on Plaza at Pikes Peak, a 215-unit property in Colorado Springs. The refinancing qualified for a reduced Green Mortgage Insurance Premium (MIP), which offers a reduction in mortgage insurance premiums for new and existing multifamily properties if they meet various green energy benchmarks. Plaza at Pikes Peak has received a silver …

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Canyon-Reserve
ColoradoFinanceNewsWestern

Mesa West Sponsors $52 Million ReFi Loan for Metro Denver Asset

by Lynn Peisner

WESTMINSTER, COLO. — Mesa West Capital has provided an affiliate of Crow Holdings Capital with a $52 million loan to refinance debt on Canyon Reserve at the Ranch. The 256-unit, garden-style property is located 12 miles north of Denver in Westminster. The 17-building Canyon Reserve at the Ranch was developed in 1984 and fully renovated in 2022. Units are comprised of a mix of one- and two-bedroom floor plans. Amenities include a resort-style pool, grills, a fitness center and a dog park.

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Nick-Steele-Lument
ColoradoInvestment SalesPeople NewsWestern

Lument Hires Nick Steele to Lead Mountain State Investment Sales

by Lynn Peisner

DENVER — Nick Steele has joined Lument to lead investment sales across Colorado, Idaho, Montana and Wyoming. Steele joins Lument from Berkadia, where he worked in the firm’s Denver office. Prior to Berkadia, Steele held senior roles at Marcus & Millichap and started his career at Apartment Realty Advisors. Over the course of his career, Steele has closed approximately $1.5 billion in multifamily sales. Lument is a banking and lending company that launched an investment sales division in 2024.

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3850-Blake
Affordable HousingColoradoDevelopmentFinanceNewsWestern

JLL Arranges $65.5 Million Construction Loan for Denver Development

by Lynn Peisner

DENVER — JLL Capital Markets has arranged a $65.5 million construction loan on behalf of Formativ, a locally based investment and development firm that is building 3850 Blake, a 310-unit property in Denver’s River North (RiNo) district. Formativ broke ground on the 16-story affordable-housing property in June and estimates construction will be complete in the third quarter of 2027. Units will be offered as a mix of studios and one-bedroom floor plans and are rent capped for residents earning between 70 and 100 percent of area median income. Amenities include …

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Bell-Parker-Ranch
ColoradoInvestment SalesNewsWestern

Bell Partners Buys, Rebrands Montane Apartments Near Denver

by Lynn Peisner

PARKER, COLO. — Bell Partners has acquired Montane Apartments in Parker, about 25 miles southeast of Denver. The property was acquired with a fund earmarked for value-add acquisitions. Bell Partners is planning unit upgrades. Neither the seller nor the sales price was disclosed. According to the Colorado Real Estate Journal, the asset was sold in 2019 for $120 million and was developed a year earlier by Alliance Residential. Montane Apartments has been renamed Bell Parker Ranch. The 400-unit, garden-style community is comprised of one-, two- and three-bedroom floor plans. Amenities …

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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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