Colt Financing Acquires Broadstone Sterling Ranch MultiFamily In Littleton For $121 Million

The asset involved in this transaction is a multi-family property located at 8425 Old Ski Run Circle in Littleton, CO. The sale took place for a value of $121,000,000, encompassing a total of 332 units, resulting in a price per unit of $364,458.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $121,000,000
• Units: 332
• Price per Unit: $364,458
• Buyer: Colt Financing
• Seller: Alliance Residential Co.
• Financing: $72.6 million Fannie Mae loan originated by CBRE
• Construction Loan: $66.6 million used by the seller

Colt Financing acquired Broadstone Sterling Ranch from Alliance Residential Co., which developed the property last year. The transaction involved significant financing from a Fannie Mae loan arranged by CBRE, marking a notable transaction in the Littleton market.