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Calraya Residential Acquires 198-Unit Sofi Belmar In Lakewood For $46 Million From Pacific Urban

Property Image
SOLD
$46,000,000

Colorado

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MultiFamily
Sold 10/06/2025
the dealdetailscomps
Property Image
SOLD

Calraya Residential Acquires 198-Unit Sofi Belmar In Lakewood For $46 Million From Pacific Urban

823 South Vance Street

See Similar Deals
MultiFamily
Sold 10/06/2025
the dealdetailscomps

Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in this transaction is a 198-unit apartment complex known as Sofi Belmar located at 823 South Vance Street, Lakewood, CO. The property was acquired for a total price of $46 million, translating to a price per unit of $232,323.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $46,000,000
  • Units: 198
  • Buyer: Calraya Residential
  • Seller: Pacific Urban Investors
  • Broker: Walker & Dunlop
  • Loan Amount: $30,060,000

Calraya Residential is a newly formed firm focused on acquiring properties in key markets, including Denver, Phoenix, and Austin. The sale was brokered by Walker & Dunlop, who arranged financing for Calraya Residential in the form of a loan. Pacific Urban Investors had previously purchased the property in 2021 for $65.25 million.

Players

Walker & Dunlop
Walker & Dunlop
BROKERAGE
Pacific Urban Investors
Pacific Urban Investors
SELLER

Details

SOLD
IMAGE: 10/06/2025 ADDRESS: 823 South Vance Street MARKET: Lakewood, CO ASSET TYPE: MultiFamily BUYER: Calraya Residential SELLER: Pacific Urban BROKER: Walker & Dunlop SALE PRICE: $46,000,000 UNITS: 198 ~ PPU: $232,323 NOTE: Calraya Residential has acquired Sofi Belmar, a 198-unit apartment complex in Lakewood, Colo., for $46 million ($232K/unit) from Pacific Urban Investors, which purchased it in 2021 for $65.25 million. Walker & Dunlop brokered the sale and arranged a $30.06 million loan for Calraya, a newly formed firm targeting deals in Denver, Phoenix, and Austin.

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