City: Aurora
Aurora, Colo., Apartment Property Sells for $69.5Mln
Denver Business Journal Summit Communities has paid $69.5 million, or $259,328/unit, for the 268-unit Arboreta Apartments in Aurora, Colo. The Denver investor purchased the property from Evergreen Devco Inc., which had acquired it in 2020 for $46 million. The four-story property ...
304-Unit Apartment Property Breaks Ground in Aurora, Ill.
REBusiness Online Atlantic Residential and Focus Development have broken ground on Lumen Fox Valley, a 304-unit apartment property in the Chicago suburb of Aurora, Ill. Atlantic, of Atlanta, and Focus, of Chicago, are building the property by redeveloping a vacant ...
Work to Start on 2 Industrial Properties in Suburban Chicago
Multi-Housing News Logistics Property Co. will break ground soon on two industrial properties with a combined 663,867 square feet in Aurora, Ill., about 35 miles west of Chicago. The local developer is building a 392,933-sf property on a 30.7-acre site ...
363-Unit Apartment Property Opens in Aurora, Colo.
Multi-Housing News A venture of Legacy Partners and Griffin Capital has completed the second and final phase of Legacy at Fitz, a 363-unit apartment property in Aurora, Colo., about nine miles east of Denver. Legacy, of Foster City, Calif., and ...
Highline Lofts Apartments
Highline Lofts is encumbered by a $10.34 million Fannie Mae loan that's securitized through FNA, 2019-M28. The loan pays a 4.39 percent coupon and matures in February 2030. It would be subject to a 7.81 percent prepayment penalty if paid ...
$95Mln of Financing Arranged for Aurora, Colo., Apartment Development
MGL Partners has secured $95 million of financing for the development of the 355-unit Fitzsimons Apartments in Aurora, Colo. JLL arranged the loan from a regional bank and also lined up equity from an insurance company. The Fitzsimons will be ...
Denver-Area Apartment Property Sells for $29.1Mln
Summit Communities has paid $29.1 million, or $259,821/unit, for the 112-unit Highline Lofts Apartments in Aurora, Colo. The Denver investor purchased the property from Lowe Property Group of Salt Lake City, which was represented by Northmarq. Highline Lofts is encumbered ...
Stone Cliff Apartments
The property is encumbered by a $70.7 million Freddie Mac loan that's securitized through FREMF, 2020-KF76. The loan pays a coupon pegged to Libor plus 197 basis points and is subject to a prepayment penalty if paid off before October ...
Intercontinental/MG Properties Venture Pays $143Mln for Aurora, Colo., Apartment Property
A venture of Intercontinental Real Estate Corp. and MG Properties Group has paid $143 million, or $362,944/unit, for the 394-unit Stone Cliff Apartments in Aurora, Colo. Intercontinental, of Boston, and MG, of San Diego, purchased the property from a fund ...
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