The 9Seventy apartments in Boulder have been sold to a California-based real estate firm for $57 million.

9Seventy apartment complex in Boulder sells for $57M

BOULDER — A California-based real estate firm has acquired the 9Seventy apartments in Boulder for $57 million, according to public records.

M&A Real Estate Partners LLC, based in Los Angeles, bought the 138-unit complex at 970 28th St. from Boulder-based Chanin Development Inc., which constructed the apartments in the late 2000s.

The complex has one-, two- and three-bedroom apartments ranging in size from 486 to 1200 square feet. It is located near the University of Colorado campus.

M&A Real Estate Partners has renamed the complex The Hive at 9Seventy. The company has been in business since 2002 and focuses on acquiring and managing high-end student housing.  It owns approximately 5,000 apartment units in several states.