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Kairoi Metro Center in Aurora, Colorado
ColoradoDevelopmentFinanceNewsWestern

JLL Brokers Financing for Kairoi Metro Center in Denver Suburb

by Channing Hamilton

AURORA, COLO. — JLL Capital Markets has arranged a construction loan and advised on the joint-venture equity placement for the development of Kairoi Metro Center, a 419-unit community in the Denver suburb of Aurora. Leon McBroom, Travis Anderson and Kevin Barron represented the borrower, Kairoi Residential, in securing the six-year, floating-rate loan through a two-bank syndication. Kairoi Metro Center will feature one-, two- and three-bedroom units with an average size of 831 square feet. The property will also include two small urban parks. The project is slated to deliver in …

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ColoradoInvestment SalesNewsWestern

Newmark Brokers $1.4 Million Sale of The Meadows at Castle Rock in Castle Rock, Colorado

by Channing Hamilton

CASTLE ROCK, COLO. — Newmark has arranged the sale of The Meadows at Castle Rock in Castle Rock. Limelight Mob II acquired the asset from Castle Rock Development Co. for $1.4 million. Hook and Cathy Mcdermott of Newmark represented Limelight Mob II, while Connolly Capital represented Castle Rock. The Meadows at Castle Rock includes 98,881 square feet of land.

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4101-4115 E Martin Luther King Blvd in Denver
ColoradoInvestment SalesNewsWestern

NorthPeak Arranges $1.6 Million Sale of 7-Unit Property in Denver

by Channing Hamilton

DENVER — NorthPeak Commercial Advisors arranged the $1.6 million sale of a property at 4101-4115 E Martin Luther King Blvd. in Denver. Hunter Schaefer and Jack Sherman represented the buyer and the seller. Neither the buyer nor seller were disclosed. The property comprises 7 units across 6,176 square feet.

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Regatta at Sloan's Lake in Denver
ColoradoLeasing & MarketingNewsOperationsUtahWestern

Asset Living Takes Over Management of Two Communities in Colorado and Utah

by Channing Hamilton

DENVER AND WEST JORDAN, UTAH — Asset Living has been awarded management of two communities: Regatta at Sloan’s Lake and Momentum. Regatta at Sloan’s Lake is located in Denver and offers 369 units in studio, one- and two-bedroom layouts. Units feature stainless steel appliances, wood-style floors and walk-in closets. Amenities include a dog park with a pet wash station, clubhouse with a game room and a pool. Momentum is a high-rise development in West Jordan. The community was built in 2023. Units come in studio, one- and two-bedroom floor plans. …

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ColoradoFinanceInvestment SalesNewsPeople NewsWestern

Avanti Residential Appoints Richard Bennion as Managing Director

by Channing Hamilton

DENVER — Avanti Residential has selected Richard Bennion as Managing Director. In this role, Bennion will be responsible for strategic growth and institutional capital relationships. Bennion most recently worked at PEF Advisors, where he led the capital formation of a $100 million fund focused on affordable housing and was a member of the company’s senior leadership team and investment committee. Prior to joining PEF Advisors, he worked at Carmel Partners. Bennion received a Bachelor of Science in Manufacturing Engineering from Brigham Young University and an MBA from Harvard Business School.

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Ralston Gardens Apartments in Arvada, Colorado
Affordable HousingColoradoDevelopmentFinanceNewsWestern

KeyBank Arranges $117.7 Million in Financing for Two Affordable Projects in Denver

by Channing Hamilton

DENVER AND ARVADA, COLO. — KeyBank Community Development Lending and Investment has arranged $117.7 million in financing to Brinshore Development and Mile High Affordable Housing for the construction of two properties in Colorado. Kortney Brown, Stephen Sparks and Robbie Lynn of KeyBank Community Lending and Investment structured the financing. Sam Adams of KeyBanc Capital Markets Public Finance Group provided the bond underwriting. KeyBank arranged $56.9 million for the development of Ralston Gardens Apartments, an 102-unit affordable community in the Denver suburb of Arvada. KeyBank secured a $26.7 construction loan, a $14 million …

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Canvas at Castle Rock in Castle Rock, Colorado
ColoradoNewsOperationsWestern

Asset Living Takes Over Management of Canvas at Castle Rock in Castle Rock, Colorado

by Channing Hamilton

CASTLE ROCK, COLO. — Asset Living has taken over management of Canvas at Castle Rock, a 102-unit townhome-style community in Castle Rock, as of June 21, 2023. Canvas at Castle Rock offers one, two and three-bedroom floor plans, as well as amenities such as a pool, fitness center, outdoor exercise space and a clubhouse. According to Apartments.com, the community was built in 2023.

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The Hunter in Colorado Springs, Colorado
ColoradoDevelopmentNewsWestern

Formativ, Argosy Real Estate Partners Receive Financing to Construct The Hunter in Colorado Springs, Colorado

by Channing Hamilton

COLORADO SPRINGS, COLO. — A joint venture between Formativ and Argosy Real Estate Partners has secured construction financing for The Hunter, a 214-unit development in Colorado Springs’ New South End neighborhood. Rob Bova of JLL Capital Markets led the team that arranged the loan. The Hunter will offer studio, one- and two-bedroom floor plans. Amenities include a two-story tenant lounge, golf simulator, pool, fitness center, co-working space, bike storage, dog wash station and a parking garage. The seven-story building will be completed in late 2024.

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ColoradoFinanceNewsPeople NewsWestern

Tower Capital Adds Kevin Wieland to Leadership Team in Denver

by Channing Hamilton

DENVER — Kevin Wieland has joined Tower Capital as a Senior Vice President. In this role, Wieland will arrange debt and equity capital for investors to acquire, develop, reposition or refinance commercial projects in the Rocky Mountain Region and key West Coast markets. Wieland previously served more than 13 years at LaSalle Investment Management, where he was responsible for originating, sourcing, structuring, underwriting, and closing more than $1.3 billion in debt investments. He also held positions at Wells Fargo, CIM GROUP and Cushman Realty Corp. Wieland received a bachelor’s in …

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St. Paul Collection in Denver, Colorado.
ColoradoCompany NewsNewsOperationsWestern

Asset Living to Manage St. Paul Collection in Denver

by Channing Hamilton

DENVER — Asset Living has been awarded management of St. Paul Collection, a 165-unit building in Denver’s Cherry Creek North neighborhood, three miles southeast of downtown Denver. St. Paul Collection offers one-, two- and three-bedroom floor plans. Community amenities include a pool with hot tubs and day beds, a lounge, fitness center, sun terrace, bike storage and a coffee bar. Asset Living took over management for the community in March 2023.

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