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MG Properties Acquires Bear Valley Park Apartments In Denver For $76M

Property Image
SOLD
$76,000,000
Alex Possick
Brandon Smith
Annie Rice
+ 3

Colorado

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MultiFamily
Sold 12/08/2023
the dealplayerscompscontact
Property Image
SOLD

MG Properties Acquires Bear Valley Park Apartments In Denver For $76M

5775 West Dartmouth Avenue

See Similar Deals
MultiFamily
Sold 12/08/2023
Alex Possick
Brandon Smith
Annie Rice
+ 3
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

MG Properties has acquired Bear Valley Park Apartments, a Denver garden-style community, from Jackson Square Properties for $76 million. The property, located at 5775 West Dartmouth Avenue in Denver, CO, is a multifamily asset.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $76,000,000
  • Market: Denver, CO

The sale of Bear Valley Park Apartments was facilitated by brokers Alex Possick and Jordan Robbins from JLL. They represented both the buyer, MG Properties, and the seller, Jackson Square Properties. Additionally, JLL's mortgage brokers Annie Rice, Brandon Smith, Charles Halladay, and Rick Salinas were involved in the transaction.

Players

Charles Halladay
JLL
Charles Halladay
13 deals$915.4M volume
BROKER
Annie Rice
JLL
Annie Rice
13 deals$1.5B volume
BROKER
Brandon Smith
JLL
Brandon Smith
11 deals$1.3B volume
BROKER
Alex Possick
JLL
Alex Possick
3 deals$186.4M volume
BROKER
Jordan Robbins
JLL
Jordan Robbins
3 deals$239.6M volume(303) 515-8010
BROKER
Rick Salinas
JLL
Rick Salinas
4 deals$302.3M volume(415) 510-6960
BROKER
MG Properties
MG Properties
BUYER
JP
Jackson Square Properties
SELLER

Details

SOLD
IMAGE: Alex Possick, Jordan Robbins, Annie Rice, Brandon Smith, Charles Halladay & Rick Salinas DATE: 12/08/2023 ADDRESS: 5775 West Dartmouth Avenue MARKET: Denver, CO ASSET TYPE: Multifamily BUYER: MG Properties SELLER: Jackson Square Properties BROKERS: Alex Possick & Jordan Robbins - JLL MORTGAGE BROKERS: Annie Rice, Brandon Smith, Charles Halladay & Rick Salinas - JLL SALE PRICE: $76,000,000 NOTE: MG Properties has acquired Bear Valley Park Apartments, a Denver garden-style community, from Jackson Square Properties for $76 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,053,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$270,011.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$360,278.77
Annual Debt Service$4,323,345.28