Jonathan Rose Companies Acquires San Juan Del Centro Apartments From Related Companies For $56M

The property involved in this transaction is the San Juan Del Centro Apartments, a multi-family asset located at 3100 34th Street in Boulder, CO. The sale was executed for a total price of $56,000,000, resulting in a price per unit of $373,333 for 150 units within the complex.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $56,000,000
• Buyer: Jonathan Rose Companies
• Seller: Related Companies
• Broker: Berkadia
• Units: 150
• Price per Unit: $373,333
• Financing: $20 million in Fannie Mae financing

This acquisition was facilitated by Jonathan Rose Companies, which intends to preserve affordability by extending the expiring Section 8 contract for an additional 20 years. The transaction was part of Rose’s broader strategy through its Affordable Housing Preservation Fund VI, which has a total capacity of $660 million.