Updated Oct 10, 2026
Chris Manning Of Peak Capital Partners Acquires 200-Unit Momentum At First Creek Apartments For $56M
North Telluride Street
$56,000,000
Units
200
Asset Type
MultiFamily
Closing
Apr 6, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 5500 North Telluride Street in Denver, CO. The sale occurred on April 6, 2026, with a total sale price of $56,000,000 for the property, which consists of 200 units. The price per unit for the Momentum at First Creek apartments is $280,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $56,000,000
- Units: 200
- Price Per Unit: $280,000
- Buyer: Chris Manning - Peak Capital Partners
- Seller: Massimino
- Broker Representing Seller: Colliers
Chris Manning represents Peak Capital Partners in this acquisition of the Momentum at First Creek apartments, facilitating the transaction from the seller, Massimino. Colliers played a critical role as the broker representing the seller in this deal.
On the Map
$56,000,000
MultiFamily
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Players
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