TruAmerica Multifamily Purchases North Creek Apartment Complex In Thornton For $38.75 Million

The property involved in this transaction is a multi-family asset located at 700 West 91st Avenue in Denver, CO. The apartment complex, known as North Creek, consists of 168 units and was sold for $38.75 million, equating to $230,655 per unit. The property, built in 2002, offers various amenities including a pool, fitness center, and clubhouse.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $38,750,000
• Buyer: TruAmerica Multifamily
• Seller: Eaton Vance
• Lender: Fannie Mae
• Units: 168
• Price Per Unit: $230,655

TruAmerica Multifamily successfully acquired the property from an Eaton Vance affiliate, demonstrating a strategic move in multi-family investment. JLL facilitated the financing for this deal by arranging a $27.44 million loan through Fannie Mae, supporting the acquisition process.