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5775 West Dartmouth Avenue

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

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

Charles Halladay

JLL

Broker

$915.4M

vol

13 deals

Broker
MG Properties
MG PropertiesBuyer

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