Jackson Square Properties Acquires Broadstone Kendrick Multifamily In Uptown Denver For $111M

Jackson Square Properties has acquired the 254-unit Broadstone Kendrick rental community in Uptown Denver for a total of $111 million. The property, located at 1780 Marion Street in Denver, CO, is a multifamily asset.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $111,000,000
• Units: 254
• Price Per Unit: $437,008

The seller of the property is Alliance Residential, while the buyer is Erwin Jackson's company, Jackson Square Properties. The transaction was facilitated by Terrance Hunt, a broker from CBRE.

Note that each unit in the Broadstone Kendrick rental community was acquired for approximately $437,000. The team led by Terrance Hunt from CBRE played a pivotal role in the successful completion of the transaction.