Updated Dec 4, 2024
Equity Residential Acquires Multifamily Asset From Century Living In Highlands Ranch For $91.25M
2503 Primo Road
$91,250,000
Units
277
Asset Type
MultiFamily
Closing
Nov 26, 2024
About this deal
AI
The transaction involved a multifamily asset located at 2503 Primo Road in Highlands Ranch, CO. The property was sold for $91,250,000, comprising 277 units, resulting in a price per unit of $329,422.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $91,250,000
- Buyer: Equity Residential
- Seller: Century Living
- Units: 277
- Price Per Unit: $329,422
- Transaction Date: 11/26/2024
The brokers representing the transaction were Brad Schlafer, Christopher Hart, Shane Ozment, and Terrance Hunt from CBRE. The deal included the acquisition of Aventine Littleton, a 227-unit luxury apartment complex near Denver, for $91.25 million, which equates to approximately $403,084 per unit.
On the Map
$91,250,000
MultiFamily
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Players
Highlands Ranch MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $329.4K per unit across 277 units on a published $91.3M (2024).
Visit Christopher (Chris) Hart to view all their deals.
Browse Highlands Ranch multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93