Broe Group Acquires Multifamily Property In Denver For $225M

The Seasons at Cherry Creek, a multifamily property located at 3498 E Ellsworth Ave in Denver, CO, has been sold for a record-breaking price of $225 million. This transaction, completed by the Broe Group, is one of the largest in Cherry Creek's history, with each unit being valued at approximately $383,305.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $225,000,000
• Address: 3498 E Ellsworth Ave, Denver, CO
• Market: Denver, CO
• Buyer: Broe Group
• Seller: Season Residential II
• Number of Units: 587
• Price per Unit: $383,305

The Broe Group's acquisition of The Seasons at Cherry Creek is a significant milestone for the thriving neighborhood. Spanning across the 587 units, this deal highlights the strong investment potential in the area. The transaction further solidifies the Broe Group's presence in the Denver market, demonstrating their strategic approach to real estate investments.