L&G - Asset Management, America Acquires 177-Unit Outlook Golden Ridge In Golden For $81.88M
Colorado
See Similar DealsL&G - Asset Management, America Acquires 177-Unit Outlook Golden Ridge In Golden For $81.88M
544 Golden Ridge Road
See Similar DealsSummary
The asset involved in the context is a 177-unit multifamily property located at 544 Golden Ridge Road in Golden, Colorado. The property was acquired by L&G - Asset Management, America for $81,880,000, translating to a price per unit of $462,599. The deal was facilitated by CBRE, which also arranged financing for the transaction. The property, built in 2015, will be renamed View at Golden Ridge.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $81,880,000
- Buyer: L&G - Asset Management, America
- Seller: Evergreen Devco, Inc
- Broker: CBRE
- Units: 177
- Price Per Unit: $462,599
The transaction highlights the involvement of key industry players, with L&G - Asset Management, America purchasing the property from Evergreen Devco, Inc, who developed the asset. CBRE acted as the representative broker, successfully facilitating the sale and securing financing for the buyer.
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