Price Brothers Secures $90 Million Refinance Loan From Blackstone For 353-Unit Multifamily Asset In Denver

The property involved in this transaction is a multifamily asset located at 290 West Alameda Avenue in Denver, CO. This 353-unit luxury multifamily community has undergone a refinancing process with a loan amount of $90 million, targeting a three-year bridge loan from a reputable lender.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $90,000,000
• Lender: Blackstone Real Estate Debt Strategies
• Landlord: Price Brothers
• Current Loan Type: Refinance
• Previous Loan Amount: $105 million
• Previous Lender: AEW
• Broker Representatives: Emily Goldberry, Cortney Cole & Leon McBroom - JLL
• Date of Transaction: 05/05/2026

In this deal, Price Brothers has worked with Blackstone Real Estate Debt Strategies to refinance the Rye SoBo property. The strategic refinancing comes as their earlier loan with AEW has matured, which reflects a proactive approach in managing their financial obligations for this substantial multifamily asset.