Private Investment Firm Acquires 200-Unit Denver Multifamily Asset From Seller For $56M

The property involved in the transaction is a multifamily asset located at 5500 Telluride Street in the Denver, CO market. The multifamily community, called Momentum at First Creek, includes 200 units and was sold for $56,000,000, resulting in a price per unit of $280,000. The property was constructed in 2023 and features amenities such as a resort-style pool, fitness center, chef-inspired outdoor kitchen, and clubhouse with a game room and workspaces.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $56,000,000
• Units: 200
• Price Per Unit: $280,000
• Address: 5500 Telluride Street
• Market: Denver, CO

The transaction was brokered by Craig Stack, Bill Morkes, and Nate Moyer of Colliers, representing the seller in the deal. The buyer is identified as a private out-of-state investment firm, which adds a layer of external investment interest in the local market.