Berkadia Negotiates $51M Multifamily Transaction in Denver, Colorado
DENVER, CO – March 20, 2024 – Berkadia announced today the closing of Lowry North, a 192-unit, garden-style multifamily property in Denver, Colorado. Managing Director Nick Steele and Director Nate Moyer of Berkadia Denver led the transaction.
“Lowry North garnered a significant amount of interest given the size, vintage, location, and quality of the asset,” said Steele. “The property has had only two owners and one management company since it was built, all of which have been great stewards of the asset. We are grateful to have been able assist.”
Located at 8001 E 11th Ave, the property affords convenient access to Lowry Town Center, Denver International Airport, and the Fitzimmons Medical Campus. Lowry North was built in 2002 and features 66 one-bedroom, 96 two-bedroom, and 30 three-bedroom apartments.
Berkadia Secures $51M Multifamily Deal in Denver, Colorado | Mile High CRE
MLG Capital Buys Denver Apartment Property for $51Mln | Commercial Real Estate Direct
The Pipeline: Commercial real estate deals for 3.22.24 | BusinessDen
Dealmaker: Berkadia Closes $89M in Multifamily Sales | MBA Newslink
MLG Picks 192-Unit Denver Apartments for $51M | Connect Commercial Real Estate
Milwaukee-area firm pays $51.1M for Denver apartments | Milwaukee Business Journal
MLG Capital uses unique approach to make $51M buy in Denver | Multifamily Dive