June 14, 2019
Inland Private Capital Corp. sold an 855-unit Denver-area portfolio to Blackstone Real Estate Income Trust, and walked away from the transaction with $206.4 million. The transaction is one of the largest on record for a securitized option of the 1031 exchange program, as well as representing one of the largest multifamily transactions in Colorado so far this year.
The apartment portfolio consisted of:
- The 300-unit Arbour Square at Orchard Town Center, 14770 Orchard Pkwy., Westminster — 95% occupancy
- The 252-unit Greens at Van de Water, 2900 Mountain Lion Dr., Loveland — 95% occupancy
- The 303-unit Lake Vista at Centerra Apartments, 2235 Rocky Mountain Ave., Loveland — 96% occupancy
Inland, headquartered in Oak Park, IL, acquired all three complexes in 2014.
Pictured: Arbour Square at Orchard Town Center
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