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360 Acoma Street

Green Leaf Capital Acquires 171-Unit Multifamily Complex In Denver For $57M
SOLDMultiFamily

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.

Players

Farrokh Billimoria

Green Leaf Capital Partners

Buyer

$100M

vol

2 deals

Buyer

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