Denver Apartments Drew High Price Tags In January

Molly Armbrister

…Also in January, Equity Residential, the multifamily REIT controlled by real estate magnate Sam Zellpurchased two complexes totaling 594 units for a combined $311M. The buildings, dubbed Milo and Theo, are part of a $419M redevelopment effort on 26 acres at Ninth Avenue and Colorado Boulevard. The project’s developers, CIM Group and locally based Continuum Partners, sold the buildings for $523K per unit.

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