Apartment complex sells for $20 million

BOULDER – The Canyon Creek Apartments, a nine-building complex serving primarily University of Colorado students, has sold to a group of local investors for $20 million.

The 176-unit complex at 730 29th St. is northeast of the intersection of 29th Street and Baseline Road in Boulder.

The purchaser is a limited liability company named Canyon Creek Apartments II, a group of local investors that wishes to remain anonymous, according to Thom Widawski of Verus Commercial Inc., who represented the buyer and seller. The new owners have experience in the Boulder student housing market, he said.

The seller was Canyon Creek Apartments LLC, which…