DENVER — JLL Capital Markets has arranged the $68.3 million sale of Allure Apartments, 252-unit garden-style property located in the Cherry Creek South neighborhood of Denver. Allure Apartments was built in 2002. The community offers one- and two-bedroom units that average 1,010 square feet in size. Amenities include a fitness center, detached garages, a business center, a coffee bar and a resident clubhouse.
JLL represented the undisclosed seller and procured the buyer, Gelt Inc. JLL also worked on behalf of Gelt to secure $43.2 million in acquisition financing through Freddie Mac. The loan features a seven-year term and will be serviced by JLL Real Estate Capital. Jordan Robbins and Alex Possick led the JLL Capital Markets Investment Sales Advisory team. Brandon Smith and Annie Rice led the JLL Capital Markets Debt Advisory team.