WESTMINSTER — A pair of investment firms recently traded The Vintage at Hyland Hills, a 472-unit apartment community in Westminster, for $120.1 million.
The Vintage at Hyland Hills Investor LLC, a UBS Realty Investors LLC holding company, sold the property to IMT Capital V Hyland Hills LLC, an affiliate of California-based real estate investment firm IMT Capital LLC, according to Adams County public records.
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The apartment complex at 4901 W. 93rd Ave, which was built in 1994 and features one- and two-bedroom units, has been rebranded IMT Hyland Hills.
The sale was financed in part by a seven-year, $74.7 million Freddie Mac loan provided by CBRE Capital Markets, public records show.
The apartment complex last sold in 1997 for $38.5 million.
IMT Capital announced in July it has closed on its fifth multi-family investment fund, known as Fund V.
Investors in the $820 million fund include university endowments, foundations, pension funds, and high net worth individuals.
“Fund V will invest opportunistically in multifamily properties located in major U.S. markets with a combination of a value-based investment philosophy, prudent financing, and in-house operational expertise,” according to the IMT Capital announcement. “The strategy is designed to deliver superior risk-adjusted investment returns independent of economic cycles.
IMT Capital has been active in the Colorado multi-family residential market in the past. The company sold its IMT Alameda Station property in Denver earlier this year for nearly $110 million. IMT Capital still owns apartment communities in Denver’s Cherry Creek and City Park neighborhoods.
WESTMINSTER — A pair of investment firms recently traded The Vintage at Hyland Hills, a 472-unit apartment community in Westminster, for $120.1 million.
The Vintage at Hyland Hills Investor LLC, a UBS Realty Investors LLC holding company, sold the property to IMT Capital V Hyland Hills LLC, an affiliate of California-based real estate investment firm IMT Capital LLC, according to Adams County public records.
Sponsored Content
To Buy or Lease – Key Considerations for Business Owners
As your business grows and matures, it is almost inevitable you will ask yourself whether to buy or lease space from which to operate. Here are a few key considerations when making this decision.
The apartment complex at 4901 W. 93rd Ave, which was built in 1994 and features one- and two-bedroom units, has been rebranded IMT Hyland Hills.
The sale was financed in part by a seven-year, $74.7 million Freddie Mac loan provided by CBRE Capital Markets, public records show.
The apartment complex last sold in 1997 for $38.5 million.
IMT Capital announced in July it has closed on its fifth multi-family investment fund, known as Fund V.
Investors in the $820 million fund include university endowments, foundations, pension funds, and high net worth individuals.
“Fund V will invest opportunistically in multifamily properties located in major U.S. markets with a combination of a value-based investment philosophy, prudent financing, and in-house operational expertise,” according to the IMT Capital announcement. “The strategy is designed to deliver superior risk-adjusted investment returns independent of economic cycles.
IMT Capital has been active in the Colorado multi-family residential market in the past. The company sold its IMT Alameda Station property in Denver earlier this year for nearly $110 million. IMT Capital still owns apartment communities…
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