Updated Jul 3, 2026
TruAmerica Multifamily Acquires 244-Unit Multifamily Community In Lakewood For $71.5M
1665 Pierson Street
$71,500,000
Units
244
Asset Type
MultiFamily
Closing
Jul 2, 2026
About this deal
AI
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.
On the Map
$71,500,000
MultiFamily
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Players
Lakewood 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93