TruAmerica Multifamily Acquires 244-Unit Multifamily Community In Lakewood For $71.5M

The property involved in this transaction is a 244-unit multifamily asset located at 1665 Pierson Street in Lakewood, CO. TruAmerica Multifamily acquired this apartment community known as WestLink at Oak Station for a total of $71.5 million, translating to a per-unit price of $293,033.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $71,500,000
• Units: 244
• Buyer: TruAmerica Multifamily
• Seller: Inland Real Estate Group
• Brokers: Shane Ozment & Terrance Hunt - CBRE

The transaction showcases the roles of TruAmerica Multifamily as the buyer and Inland Real Estate Group as the seller. The brokers facilitating the deal are Shane Ozment and Terrance Hunt, both affiliated with CBRE.