Green Leaf Capital Acquires 171-Unit Multifamily Complex In Denver For $57M
360 Acoma Street
$57,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 9, 2024
AI
The Denver suburb of Baker has seen a recent sale of a five-story, 171-unit apartment complex. Lennar subsidiary Quarterra, represented by Jeff McCall, sold the property for $57 million to Green Leaf Capital Partners, led by buyer Farrokh Billimoria. The apartment complex, previously known as Quarterra, has been renamed Green Leaf Jayne.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $57,000,000
- Address: 360 Acoma Street, Denver, CO
- Market: Denver, CO
- Seller: Jeff McCall - Quarterra
- Buyer: Farrokh Billimoria - Green Leaf Capital Partners
- Units: 171
- Price Per Unit (PPU): $333,333
Green Leaf Capital Partners, represented by Farrokh Billimoria, made a significant investment in the Denver suburb of Baker by acquiring a five-story, 171-unit apartment complex. The property, formerly known as Quarterra, was sold by Jeff McCall of Quarterra for $57 million. The purchase marks a strategic move for Green Leaf Capital Partners as they rebrand the apartment complex as Green Leaf Jayne.
Denver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93