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1650 Raleigh Street

Seminole Real Estate Fund Acquires 249-Unit Raleigh At Sloan’s Lake Multifamily From Hines For $125.6M
SOLDMultiFamily

Seminole Real Estate Fund Acquires 249-Unit Raleigh At Sloan’s Lake Multifamily From Hines For $125.6M

1650 Raleigh Street

$125,600,000

Building Size

Asset Type

MultiFamily

Closing

Nov 10, 2025

AI

The property asset involved in the transaction is a 249-unit multifamily community known as Raleigh at Sloan’s Lake, located at 1650 Raleigh Street in Denver, CO. The sale price for the asset was $125,600,000, translating to approximately $504,418 per unit. The property was built in 2020 and features high-end amenities, alongside 4,192 square feet of fully leased retail space occupied by Livewell Animal Hospital.

Summary of transaction details:

The deal was brokered by a team from CBRE, ensuring the transaction between Seminole Real Estate Fund and Hines was successfully completed. The brokerage team consisted of four representatives who played a crucial role in facilitating this transaction in the Denver market.

Players

Brad Schlafer

CBRE

Broker

$534.9M

vol

7 deals

Broker
CBRE
CBREBrokerage
Hines
HinesSeller

Denver 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

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93