Real Estate & Construction  June 4, 2019

Loveland apartment communities sell for combined $126M

LOVELAND — Loveland apartment communities Greens at Van de Water and Lake Vista at Centerra were sold by an investment group this week for a combined $126 million.

Larimer County public records show the Greens at Van de Water, a 252-unit complex at 2900 Mountain Lion Drive, had a price tag of $51.1 million, about $203,000 per unit. Lake Vista, a 303-unit community at 2235 Rocky Mountain Ave., sold for $74.9 million, or about $247,000 per unit.

Both communities were built in 2011 and feature studios, one-, two- and three-bedroom…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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