Arapahoe County apartment complex fetches near-record per-unit sales price

DENVER BUSINESS JOURNAL - Amberley Heights, an apartment complex in the Inverness business park in Arapahoe County, has sold for $38.6 million.

The complex, near the Hilton Denver Inverness hotel, consists of two buildings and 96 units developed by Metropolitan Residential Advisors, a local development firm led by Peter Kudla.

“In addition to the sale of Amberley Heights, Metropolitan Residential Advisors is currently building for-sale condominiums and townhomes in Denver’s Crestmoor neighborhood and just completed a 62-acre, transit-oriented site, Vallagio at Inverness, which neighbors the property,” Kudla said.

Amberley Heights -- at 10450 Spring Green Drive, with an Englewood postal address -- sold for $402,000 per unit, the highest per-unit price recorded in a suburb of Denver other than Boulder, which is the most expensive rental market in the metro area. Construction was completed in 2015.

Read more at the Denver Business Journal: http://bit.ly/2tJV7Ti

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