Ares Management Acquires Cortland Lincoln Station Lone Tree Multifamily For $80M

The Cortland Lincoln Station, a multifamily rental community located at 10346 Park Meadows Drive in Lone Tree, CO, has been acquired by Ares Management for $80 million. The property consists of 232 units, with a per unit price of $344,828.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Units: 232
• Price Per Unit: $344,828

Leading the transaction on behalf of the buyer, Ares Management, was their representative, Dan Woodward from Walker & Dunlop. The seller of the property was Cortland.