Updated Aug 25, 2025
Two Arrows Group Spark & Halo OlivePoint Capital Acquire Multifamily Property In Aurora For $50.5M
14565 East Alameda Avenue
$50,500,000
$233,796/SF
Building Size
216 SF
Asset Type
MultiFamily
Closing
Aug 21, 2025
About this deal
AI
The transaction involved the sale of a multifamily asset, specifically the 216-unit Stella on the Park apartments, located at 14565 East Alameda Avenue in Aurora, CO. The asset, along with the 24,985 SF Parkside @ City Center retail center, was acquired for a total price of $50,500,000, resulting in a price per square foot of $233,796.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $50,500,000
- Address: 14565 East Alameda Avenue
- Market: Aurora, CO
- Square Footage: 216
- Price per Square Foot: $233,796
- Buyer: Two Arrows Group; Spark & Halo; OlivePoint Capital
- Seller: Milender White Construction
The deal was facilitated by a joint venture comprising Two Arrows Group, Spark & Halo, and OlivePoint Capital, marking a significant collaboration in the multifamily and retail sector within the Aurora market.
On the Map
$50,500,000
$233,796/SF
MultiFamily
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Aurora MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93