Berkadia Negotiates $15.25 Million Multifamily Sale in Englewood, Colorado
ENGLEWOOD, CO – January 6, 2022 – Berkadia announced the off-market sale of the Swedish Portfolio, a three-property, 79-unit multifamily portfolio in Englewood, Colorado. Senior Directors John Laratta and Nick Steele, Director Tyler King, and Associate Director Nate Moyer, all of Berkadia Denver Investment Sales, led the transaction on behalf of the Colorado-based seller. The deal closed December 30.
Swedish Portfolio sold for $15.25 million to a Colorado-based buyer. The sales price reflects a per-unit price of $193,038.
“Having owned the assets since 2008, the seller decided the time was right to exit the market at a favorable valuation,” said Laratta. “Conversely, the buyer felt it was a great time to add to their existing portfolio.”
The three multifamily housing properties located in Englewood, Colorado include:
The Lorinda, a garden style, 39-unit apartment building built in 1970. The building features all brick construction, renovated one- and two-bedroom units, a common area courtyard, two laundry rooms and a shared leasing center/office, which serves all three buildings.
The Knollwood & Tanglewood, also a garden style property, consists of two side-by-side, 20-unit buildings built in 1969. Features include all brick construction, fully renovated one-bedroom units, common area courtyard, onsite laundry, and off-street parking.
The Swedish Portfolio is located one block north of the Swedish Medical Center. With over 400 beds and 2,000 employees, the hospital is one of the largest economic drivers in the immediate area and is part of UCA’s HealthONE network.