New York’s Praedium acquires south Denver apartment complex
A New York-based investment firm has purchased the 258-unit Helios apartment complex in south Denver for $70 million.
The Denver Business Journal reports that Houston-based Hines, which developed the property at 7901 E. Belleview Ave., sold it to The Praedium Group LLC. Hines completed construction on the property — located near the Denver Tech Center — in 2015. The DBJ reports that the property was 93 percent occupied.
A New York-based investment firm has purchased the 258-unit Helios apartment complex in south Denver for $70 million.
SPONSORED CONTENT
Business Cares: March 2024
WomenGive, a program of United Way of Larimer County, was started in Larimer County in 2006 as an opportunity for women in our community to come together to help other women.
The Denver Business Journal reports that Houston-based Hines, which developed the property at 7901 E. Belleview Ave., sold it to The Praedium Group LLC. Hines completed construction on the property — located near the Denver Tech Center — in 2015. The DBJ reports that the property was 93 percent occupied.
…THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!