Kairoi Residential Acquires 3100 Pearl Multifamily In Boulder For $159M

The 319-unit 3100 Pearl rental community located at 3100 Pearl Parkway in Boulder, CO, was acquired by Kairoi Residential from Griffis Residential for $159 million. The property, built in 2013, consists of studios to two-bedroom units and was 96% leased at the time of sale, commanding a price of nearly $500,000 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $159,000,000
• Units: 319
• Price per Unit: $498,433
• Buyer: Kairoi Residential
• Seller: Griffis Residential
• Brokers: Dan Woodward, David Potarf, Jake Young & Matt Barnett - Walker & Dunlop

Walker & Dunlop's team, comprising brokers Dan Woodward, David Potarf, Jake Young, and Matt Barnett, facilitated the sale of the 3100 Pearl rental community in Boulder. The deal involved notable players such as Kairoi Residential as the buyer and Griffis Residential as the seller, showcasing a successful transaction in the multifamily asset class.