Cherry Creek apartment complex sells for $127 million, one of largest sales this year

DENVER — A Cherry Hill apartment complex sold for $127 million, making it the largest real estate deal of the year for Arapahoe County.

Kent Place Residences is a 300-unit complex in Englewood at the northwest corner of Hampden Avenue and University Boulevard. The apartment was sold to Kent Place Holdings for more than $422,000 per-unit, according to BusinessDen. 

Kent Place Residences were built in 2014. Forum Real Estate Group, the developers and the sellers, bought the land for $7.9 million in 2010.

SPONSORED CONTENT

Select your Republic Services residential cart now!

In preparation for Republic Services becoming the primary provider of residential recycling, yard trimmings, and trash, residents should now select the best cart size and service schedule for their household needs.

The sale is one of three this year that have topped $90 million.

The apartments are 92 percent occupied and will be managed by Seattle-based Avenue5 Residential.