Highlands Ranch rental neighborhood sells for over $90 million

A 227-unit rental neighborhood in Highlands Ranch has offered for $91.25 million, in keeping with public information filed with Douglas County.

The five-building Aventine Littleton Flats, 2503 Primo Street, used to be offered by means of Century Dwelling, the multifamily department of homebuilders Century Communities, to Chicago-based actual property company Fairness Residential, consistent with a Tuesday information unencumber by means of CBRE.

Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the vendor.

“This transaction aligns with the continued development of institutional traders moving their focal point clear of city belongings and in opposition to high-end homes in fascinating suburban places,” stated Terrance Hunt, who’s vp of CBRE’s Colorado place of work.

Century Dwelling advanced the flats, which have been finished in levels between 2023 and 2024.

The logo-new rental neighborhood gives a number of one-, two- and three-bedroom gadgets with a median measurement of one,028 sq. ft. Each and every rental options stainless-steel home equipment, quartz counter tops, smart-home generation and walk-in closets.

Some gadgets even have balconies that offer scenic perspectives of the mountains and downtown space.

Group facilities come with a gym, 25-yard lap pool, scorching bath, sunroom, outside neighborhood kitchen, clubhouse, convention room, workspaces, puppy spa, garage gadgets, 26 indifferent garages, 74 hooked up garages and 328 floor parking areas.