L&G - Asset Management, America Acquires 177-Unit Outlook Golden Ridge In Golden For $81.88M

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.