August 24, 2017
Early Bird Alert: Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.
Chicago-based Magnolia Capital acquired Griffis North Metro in Denver from Greenwood Village, CO-based Griffis Residential for $124 million. The 562-unit multi-housing community in the Northglenn suburb has been renamed Haven 124 at Eastlake Station since it is near the soon-to-open Eastlake/124th light rail station.
The two-phase community is situated on 24.2 acres at 12255 North Claude Court, near 120th Avenue, east of Washington Street and a few blocks east of Interstate 25. The 96%-leased asset includes 25 garden-style buildings consisting of a variety of one-, two- and three-bedroom floor plans with upscale features.
HFF’s Stephen Skok and Leon McBroom arranged $80.6 million in financing. Two separate seven-year, floating-rate loans were placed with Freddie Mac’s Green Advantage Program.
For comments, questions or concerns, please contact Dennis Kaiser