RREEF Property Trust Acquires 214-Unit Multifamily Asset In Castle Pines For $101M

The property involved is a 214-unit multifamily asset known as Citadel at Castle Pines, located at 353 Edge View Circle in Castle Pines, CO. The property was sold for $101,000,000, resulting in a per unit price of $471,963.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $101,000,000
• Units: 214
• Price Per Unit: $471,963
• Buyer: RREEF Property Trust
• Seller: Thompson Thrift
• Brokerage: Walker & Dunlop
• Brokers: Jake Young, Matt Barnett & Taylor Payne

This transaction was executed on November 19, 2024, with Thompson Thrift represented by the brokers from Walker & Dunlop in the sale of the property to RREEF Property Trust.