The properties are the Ascend at Red Rocks, with 408 units at 13105 West 2nd Place, and Elevate at Red Rocks, with 172 units at 409 Zang St.
The buyer funded its purchase in part with a $28 million mortgage written by CBRE.
97 percent leased.
95 percent occupied. Seagate financed its purchase with a $35.7 million Freddie Mac loan that has a 10-year term and requires only interest payments for the first five years. It also used proceeds from its $28.1 million sale of the ...
The San Francisco company lined up $37.7 million of Freddie Mac financing for the purchase. The floating-rate debt, with a seven-year term, was arranged by HFF, which also brokered the property's sale.