MG Properties Acquires 316-Unit Multifamily Community In Denver For $95.3M

The luxury multifamily property located at 4400 South Syracuse Street in Denver, Colorado has been sold for a transaction amount of $95.3 million. The property, known as 4400 Syracuse Apartments, consists of 316 units, with an average price per unit of $301,582.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $95,300,000
• Address: 4400 South Syracuse Street, Denver, CO
• Market: Denver, CO
• Buyer: Mark Gleiberman - MG Properties
• Seller: Philip Morgan - Morgan Group & Mark Gabbay - LaSalle Investment Management
• Brokers: Annie Rice, Alex Possick, Brandon Smith, Charles Halladay, Jordan Robbins & Rick Salinas - JLL
• Units: 316
• Price Per Unit: $301,582

Morgan Group and LaSalle Investment Management have successfully sold the 316-unit luxury community, 4400 Syracuse Apartments, to MG Properties. The transaction highlights the strong demand for multifamily properties in Denver, CO, and the growing interest of investors in the area.