Timothy Wallen Of MLG Capital Purchases 192-Unit Multifamily In Denver For $51M

The 192-unit Lowry North apartment located at 8001 East 11th Avenue in Denver was sold for $51 million. The buyer, Timothy Wallen of MLG Capital, acquired the multifamily property for an approximate price of $265,625 per unit from the seller, Clyde Holland of Holland Partner Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $51,000,000
• Units: 192
• Price Per Unit: $265,625
• Market: Denver, CO

The sale was facilitated by Berkadia, representing the buyer and seller in the transaction. MLG Capital's acquisition of the Lowry North apartment highlights their strategic investment in the Denver real estate market.