Updated Sep 14, 2026
Brian Kingston Of Brookfield Properties Purchases Multifamily Complex In Denver For $40M
2551 31st Street, 2553 31st Street, 2555 31st Street, 2557 31st Street & 300 West 43rd Avenue
$40,000,000
Units
120
Asset Type
MultiFamily
Closing
Sep 9, 2026
About this deal
AI
The Villas, a multifamily asset located at 2551, 2553, 2555, 2557, and 2259 31st Street and 300 West 43rd Avenue in Denver, CO, consists of 120 residential units. The property was sold for $40,000,000, translating to a price per unit of $333,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Buyer: Brian Kingston - Brookfield Properties
- Seller: California Commercial Investment Group
- Units: 120
- Price Per Unit: $333,333
This transaction marks the acquisition of The Villas by Brookfield Properties from California Commercial Investment Group, with the sale occurring on September 9, 2026. Notably, Brookfield Properties purchased the property at the same price that California Commercial Investment Group acquired it in 2021.
Players
Nullica 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93