Broomfield apartments sold for $106M

BROOMFIELD — The Terracina Apartment Homes community in Broomfield was purchased last month by The Connor Group, an Ohio-based real estate investment firm, for $106 million.

Terracina is located at 13690 Via Varra near the intersection of U.S. 36 and Northwest Parkway

The nearly 10-year-old property was sold Oct. 19, Broomfield public real estate records show.

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The seller is listed as Terracina Villas LLC. The company is registered to a California address associated with equity firm Pacific Coast Capital Partners LLC, Colorado Secretary of State records show.

Terracina has 386 units with a mix of one- and two-bedroom apartments. Rents start around $1,500.

The Connor Group’s purchase of Terracina coincided with acquisitions of three other properties in the Chicago and Atlanta markets, according to a report from the Dayton (Ohio) Business Journal. The total combined value of the purchases was $618 million.