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

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:

• Property Type: Multifamily
• Transaction Amount: $125,600,000
• Units: 249
• Price Per Unit: $504,418
• Buyer: Seminole Real Estate Fund
• Seller: Hines
• Brokers: Terrance Hunt, Shane Ozment, Christopher Hart & Brad Schlafer - CBRE

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.