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Four Peaks Multifamily Partners Acquires Harvest Station Apartments In Broomfield For $85 Million

Property Image
SOLD
$85,000,000
Jake Young
David Potarf
+ 1

Colorado

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MultiFamily
Sold 09/03/2025
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Property Image
SOLD

Four Peaks Multifamily Partners Acquires Harvest Station Apartments In Broomfield For $85 Million

11775 Wadsworth Boulevard

See Similar Deals
MultiFamily
Sold 09/03/2025
Jake Young
David Potarf
+ 1
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Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is the Harvest Station Apartments, a multifamily asset located at 11775 Wadsworth Boulevard in Broomfield, CO. The property comprises 297 units and was sold for $85,000,000, translating to a price per unit of $286,195.

Summary of transaction details:

California-based Four Peaks Multifamily Partners completed the acquisition of the Harvest Station Apartments from Hamilton Zanze & Company, who originally purchased the property in 2016 for $67.2 million. The brokers representing the transaction were David Potarf, Dan Woodward, Matt Barnett, and Jake Young from Walker & Dunlop.

Players

Jake Young
5 deals$541M volume(720) 784-3709
BROKER

David Potarf
Walker & Dunlop
4 deals$440M volume(720) 729-0173
BROKER

Dan Woodward
Walker & Dunlop
5 deals$520M volume(303) 802-3570
BROKER

Matt Barnett
Walker & Dunlop
5 deals$541M volume(720) 729-0112
BROKER

Walker & Dunlop
BROKERAGE

Details

SOLD
IMAGE: 09/03/2025 ADDRESS: 11775 Wadsworth Boulevard MARKET: Broomfield, CO ASSET TYPE: Multifamily BUYER: Four Peaks Multifamily Partners SELLER: Hamilton Zanze & Company BROKERS: David Potarf, Dan Woodward, Matt Barnett & Jake Young - Walker & Dunlop SALE PRICE: $85,000,000 UNITS: 297 ~ PPU: $286,195 NOTE: California-based Four Peaks Multifamily Partners bought the 297-unit Harvest Station Apartments in Broomfield for $85 million from Hamilton Zanze, which acquired the property in 2016 for $67.2 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,533,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$301,987.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$402,943.36
Annual Debt Service$4,835,320.38