Two apartment complexes — one in Federal Heights and one in Boulder — totaling units were sold in two separate deals for a total of $65.5 million.
The first deal saw The Lodge on 84th, a 300-unit complex in Federal Heights, purchased for $46.5 million by a joint venture between Security Properties and funds managed by Oaktree Capital Management.
The 44-year-old complex is spread out across 25 residential buildings and 11.09 acres.
"The Denver MSA ... is a thriving market with the lowest unemployment rate in the country, a diverse mix of industries and employers, and a rapidly expanding population in its second ring," said Security Properties.
Read more at the Denver Business Journal: http://bit.ly/2CRxzfA