July 21, 2017 Comments Off on J.P. Morgan Acquires Denver-Area MF Asset for $127M Views: 1040 Colorado, National News, Southwest

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

Early Bird Alert: Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.

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.”

Read more at HFF

Connect With J.P. Morgan

Connect With HFF’s Robbins

Subscribe to Connect Daily National

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.