Loveland Foundry apartment buildings sell for $44M
LOVELAND — A California apartment-management company has purchased Patina Flats, one of the most prominent apartment complexes in downtown Loveland, for just more than $44 million.
A subsidiary for Irvine, California-based real estate investment group Steadfast Cos. purchased the building at 296 N. Cleveland Ave. and 297 N. Lincoln Ave. in two separate transactions for $28.45 million and $15.64 million, in a deal that closed Feb. 11, according to Larimer County property records. The Cleveland property was assessed at $17.79 million by county officials and the Lincoln property at $10.28 million
The Patina Flats complex is…
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