Apartments in Lafayette sold for $36.1 million

LAFAYETTE — The appetite for multifamily developments remains strong, with the Prana apartments in Lafayette going for $36.1 million being the latest deal.

Prana is a 264-unit complex in the “SoLa,” or south Lafayette, area, off U.S. Highway 287 just north of Exempla Good Samaritan Medical Center.

Property records list the buyer as LLJ Stratford Prana LLC. Ken Kiken, principal of Milestone Development Group, which built Prana, said the purchase was the first acquisition of apartment investors looking to move into Colorado.

According to its registration with the Secretary of State’s office, LLJ Stratford Prana is based in San Diego.

Milestone Development Group, an…