Equity Residential Acquires Multifamily Asset From Century Living In Highlands Ranch For $91.25M

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.