Dinerstein Cos Acquires Steele Creek Apartments From UDR In Denver For $137.3M

The transaction involved the sale of the Steele Creek apartments, a multifamily asset located at 3222 East 1st Avenue in Denver, CO. The multifamily property consists of 218 units and was acquired for a total sale price of $137,300,000, which translates to approximately $629,817 per unit. The sale occurred on April 6, 2026, and the property was sold by UDR, who originally purchased it in 2017 for a higher price.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $137,300,000
• Buyer: Dinerstein Cos
• Seller: UDR
• Units: 218
• Price Per Unit: $629,817
• Market: Denver, CO
• Date of Sale: April 6, 2026

Dinerstein Cos was the purchaser in this transaction, acquiring the property from UDR. This deal reflects a strategic investment by Dinerstein Cos in the Denver market, building upon their portfolio of multifamily assets.