Real Estate & Construction January 7, 2021 1:27:13 am

Union Pointe apartments sell for $76.9M

Union Pointe apartments in east Longmont includes clubhouse and pool amenities. Courtesy Brinkman.

LONGMONT — A Minneapolis and Minot, North Dakota, real estate company with interests in apartment complexes in six states has bought the eight-building Union Pointe apartment community in east Longmont.

While the transaction has not yet been recorded with Boulder County, seller Brinkman Real Estate Services LLC said it sold for $76.9 million or $300,390 per unit — a record high multi-family transaction for the Longmont market.

Brinkman, based in Fort Collins, developed the site, which opened in 2019, in partnership with Jensen LaPlante Development and Keystone Real Estate. The buyer is the newly branded company…

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Ken Amundson

Ken Amundson retired from his position as managing editor of BizWest in May 2024 but has come back on a limited basis to report business news in Northern Colorado and the Boulder Valley. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes north of Denver. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.

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