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:
- 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.
Players
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