Kanemotos sell Park Manor Apartments

LONGMONT – A Denver development and management company specializing in apartment building renovations closed last week on the $5.25 million purchase of the Park Manor Apartments at 720 Fairlane Ave. in Longmont.

The complex, which includes 17 four-plex units on about 6.25 acres at the northeast corner of S. Pratt Parkway and Fairlane, had been owned by the Kanemoto family.

Officials for the new owners, Blueline Properties Inc., couldn’t be reached Monday.

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The Park Manor Apartments sit along the southern bank of the St. Vrain River. Ed Kanemoto, a commercial real estate agent with Re/Max Traditions and a former partner in the apartments’ ownership, said some of the units were damaged by September’s flood and that repairs there are ongoing.

“We had it on the market before the flood,” Kanemoto said. “It had been in the family since Day 1.”

Terrance Hunt of ARA Real Estate Investment Services represented the sellers in the deal.