July 21, 2017 Comments Off on J.P. Morgan Acquires Denver-Area MF Asset for $127M Views: 782 Colorado, National News, Southwest

J.P. Morgan Acquires Denver-Area MF Asset for $127M

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J.P. Morgan Asset Management acquired Kent Place Residences, a 300-unit apartment community located in the Cherry Hills Village area of Englewood, CO. The ultra-luxury, Class A asset was acquired from Forum Real Estate Group for $127.4 million.

HFF’s Jordan Robbins, Jeff Haag and Anna Stevens marketed the asset on behalf of the seller. Institutional investors advised by J.P. Morgan purchased the asset and assumed existing financing.

Completed in 2015, Kent Place Residences consists of three- to six-story buildings offering a mix of one- to three-bedroom units. The property is located at East Hampden Avenue and University Boulevard, on a 5.85-acre site and contains the only for-rent penthouses in the highly-affluent southeast Denver area.

Robbins says, “Kent Place is one of the most unique multifamily properties in all of Denver, with extremely large units to fit the area’s most prominent demographic.”

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