Colorado-Real-Estate-Journal_461157

Page 18 - May 21-June 3, 2025 www.crej.com Multifamily by Avalon Jacka AURORA – A three-property multifamily portfolio totaling 55 units near Montview Park traded hands for $7.25 million. The 47,672-square foot Alton Street Portfolio – including 1663-1683 Alton St., 1666 Alton St. and 9108 E. 17th Ave. – is comprised of 21 three-bedroom units, 29 two-bedroom units, five one-bedroom units, all with one bathroom, and one three-bedroom unit with two bathrooms. The property at 1663-1683 Alton St. was built in 1962, and the buildings at 1666 Alton St. and 9108 E. 17th Ave. were constructed in 1973. On- site amenities include off-street parking, shared green space and updated common areas in select buildings. The portfolio is positioned in a growing residential and mixed- use neighborhood that offers convenient access to Anschutz Medical Campus, Stanley Mar- ketplace and Central Park. The properties are near major tran- sit routes, sev- eral parks and retail. Sam Bretz of MMG brokered the transaction on behalf of the buyer and sell- er, both based in Denver; nei- ther party was disclosed. MMG previously assisted the buyer with acquisitions to its growing portfolio. The buyer was attracted to the portfolio due to the high count of two- and three-bedroom units, according to a statement from MMG. The assets are a “strong fit” for its current pro- gramming and fit well with its existing Aurora portfolio, the statement said. Based in Kansas City, Mis- souri, MMG is a real estate advisory firm specializing in multifamily and land transac- tions across the U.S. The firm has 29 offices around the coun- try, including a Denver location. Other News n DENVER – A three-property multifamily portfolio totaling 69 units in the Five Points neigh- borhood sold for $6.1 million in April. Vareco 2770 California LLC acquired the portfolio from Epworth Housing Foundation CPE , according to Denver County public records. Totaling 68,709 square feet, the assets are posi- tioned within two blocks of each other at 2770 California St. (53 units), 820-838 28th St. (10 units), and 621-623 28th St. (six units). Brandon Kaufman and Teal Hagan of KaufmanHagan Com- mercial Real Estate represented both sides in the transaction. “This is the first time this prop- erty is exchanging hands in over 40 years,” Kaufman said. “It has stood as a familiar and valued presence within the Five Points community. This transaction took a collaborative effort from all par- ties involved and was ultimate- ly brought to a close after four years of being under contract. Throughout numerous market fluctuations, multiple contract iterations, and countless hurdles to overcome, everyone remained engaged and committed to reach- ing a successful conclusion.” The properties include a mix of one-, two- and three-bedroom units, according to Apartments. com. The assets are within four blocks of the 27th &Welton light- rail station and near several bus stops. n PUEBLO – A 60-unit mul- tifamily property in the Beulah Heights neighborhood sold for $5.5 million, or $91,667 per unit. DDK Investments LLC acquired the BriarwoodApartments, locat- ed at 2026 Carlee Drive, from 13K LLC, Tamarack Pines LLC and Tamarack Properties Inc., according to Pueblo County pub- lic records. Chris Knowlton of MMG brokers Alton Street Portfolio sale for $7.25 million The 47,672-square foot Alton Street Portfolio – located at the intersection of East 17th Avenue and Alton Street – is comprised of 21 three-bedroom units, 29 two-bedroom units, five one-bedroom units, all with one bathroom, and one three-bedroom unit with two bathrooms. Sam Bretz Please see Briarwood, Page 20 Brandon Kaufman Teal Hagan ROCKY MOUNTAIN LAND USE INSTITUTE & BURNS SCHOOL OF REAL ESTATE & CONSTRUCTION MANAGEMENT University of Denver A joint program offered by: 2025-2026 Executive Certificate in AFFORDABLE HOUSING Following a successful inaugural year, the University of Denver (DU) is now accepting applications for the second cohort of its interdisciplinary Executive Certi cate in A ordable Housing . e application deadline is Friday, May 30, 2025 and generous scholarships remain available to ensure the program is accessible to a wide range of quali ed candidates. e unique program was the rst of its kind in the Rocky Mountain region, and provides professionals with the essential knowledge and practical skills to tackle the critical issue of a ordable housing. DU Executive Certi cate in A ordable Housing Building on the strong foundation established in its rst year, the 8-month DU Executive Certi cate in A ordable Housing will once again draw upon the expertise of industry leaders and DU faculty from the Burns School of Real Estate & Construction Management at the Daniels College of Business , the Rocky Mountain Land Use Institute (RMLUI) at DU’s Sturm College of Law , and the DU Graduate School of Social Work . e program o ers a focused and accelerated pathway for participants to master the complexities of a ordable housing development and acquire the necessary tools to help increase housing a ordability. e program will run from September 2025 to June 2026 . “We were incredibly impressed by the enthusiasm and caliber of our rst cohort, who underscored the vital need for specialized training in the a ordable housing sector.” said Susan Daggett, executive director of RMLUI, professor of the practice at Sturm College of Law, and co-director of DU’s executive certi cate program. “We are thrilled to launch the second year of this program, continuing our commitment to equipping professionals throughout the Rocky Mountain region and beyond with the skills and knowledge to create more sustainable and equitable communities. We encourage interested individuals to submit their applications by the May 30th deadline.” Designed for professionals in real estate, development, lending, property management, planning, architecture, policymaking, law, civic leadership, and housing advocacy, the executive certi cate program o ers a exible online learning experience tailored for busy schedules. Participants will also bene t from valuable in-person networking and applied learning opportunities through an introductory workshop and a collaborative nal capstone project. e persistent lack of a ordable housing continues to fuel a housing crisis across the West, driving an increasing demand for skilled professionals capable of developing e ective solutions. e DU Executive Certi cate in A ordable Housing continues to be generously supported by the Colorado Housing and Finance Authority and the Simpson Family. Interested candidates can nd more information and apply now until Friday, May 30 , 2025, at: www.du.edu/a ordablehousing. MAY 30 APPLICATION DUE DATE • Upskill and reskill • 8 month program • Flexible online learning • Scholarships available