Denver apartment complex sells for $109.6M
DENVER — A California-based investment company has sold a Denver apartment complex for $109.6 million.
BusinessDen reports that IMT Residential sold the 338-unit Alameda Station at 275 S. Cherokee St. to EGMR Alameda Station QI LLC. The purchase price amounted to $324,260 per unit.
The complex is located in the Baker neighborhood of Denver and is adjacent to a light-rail station.
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IMT Residential, based in Sherman Oaks, California, purchased the complex in 2014 for $84 million.
DENVER — A California-based investment company has sold a Denver apartment complex for $109.6 million.
BusinessDen reports that IMT Residential sold the 338-unit Alameda Station at 275 S. Cherokee St. to EGMR Alameda Station QI LLC. The purchase price amounted to $324,260 per unit.
The complex is located in the Baker neighborhood of Denver and is adjacent to a light-rail station.
IMT Residential, based in Sherman Oaks, California, purchased the complex in 2014 for $84 million.
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