MG Properties Group Acquires Denver Apartment For $141M

The apartment property located at 3300 S Tamarac Dr. in Denver, CO was recently sold in a closed transaction. The property, consisting of 564 units, was sold for a total price of $141,000,000, resulting in a price per unit (PPU) of $250. The sale was facilitated by brokers Dave Martin and Brian Mooney from Northmarq.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $141,000,000
• Units: 564
• Price Per Unit: $250

The buyer in this transaction was MG Properties Group, while the seller was Gelt Inc., represented by Keith Wasserman and Jeff Harris. Brokers Dave Martin and Brian Mooney from Northmarq acted as the representatives for the buyer and seller, respectively.