MG Properties Acquires Bear Valley Park Apartments In Denver For $76M
5775 West Dartmouth Avenue
$76,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 8, 2023
AI
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
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93