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

Property Image
SOLD
$38,750,000

Colorado

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MultiFamily
Sold 10/10/2025
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Property Image
SOLD

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

700 West 91st Avenue

See Similar Deals
MultiFamily
Sold 10/10/2025
the dealplayerscompscontact
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Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

TruAmerica Multifamily
TruAmerica Multifamily
BUYER
Fannie Mae
Fannie Mae
LENDER

Details

SOLD
IMAGE: 10/10/2025 ADDRESS: 700 West 91st Avenue MARKET: Denver, CO ASSET TYPE: MultiFamily BUYER: TruAmerica Multifamily SELLER: Eaton Vance LENDER: Fannie Mae SALE PRICE: $38,750,000 UNITS: 168 ~ PPU: $230,655 NOTE: TruAmerica Multifamily acquired North Creek, a 168-unit apartment complex in Thornton, Colo., for $38.75 million ($230,654/unit) from an Eaton Vance affiliate. JLL arranged a $27.44 million Fannie Mae loan for the 2002-built property at 700 W. 91st Ave., which features amenities including a pool, fitness center, and clubhouse.

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

$2,066,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$137,670.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$183,694.77
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