Harbor Group International Acquires Two-Property Portfolio in Colorado for $132.5 Million 

by Channing Hamilton

DENVER AND CASTLE ROCK, COLO. — Affiliates of Harbor Group International has acquired a portfolio in Colorado for $132.5 million. The portfolio consists of two recently-constructed properties, Ladora Modern and Prospector Modern. Both communities were completed in December 2023 and offer amenities such as pools, fitness centers, and dog parks.

Ladora Modern is a 196-unit community in Denver. Units come in two- and three-bedroom floor plans and average 1,000 square feet in size. The property was 85 percent occupied at the time of sale. Prospector Modern is a 238-unit property in the southern Denver suburb of Castle Rock. The community was 86 percent occupied at the time of sale.

CBRE brokered the transaction. Terrance Hunt, Shane Ozment, Andy Hellman and Justin Hunt of CBRE’s investment properties team in Denver represented the undisclosed seller in the deal. Shawn Rosenthal, Jason Gaccione, Jake Salkovitz, Brady O’Donnell and Jill Haug arranged the acquisition financing.

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