Luxury apartment complex in Johnstown sold for $70.2M
JOHNSTOWN — Rise at 2534, a 236-unit luxury apartment complex in the 2534 development, has sold, brokerage CBRE Capital Markets said Wednesday in a news release.
The release did not disclose the price of the sale, which closed Tuesday, but according to Larimer County property records, the deal closed for $70.2 million, or $297,500 per unit. That sale price eclipses all but one multifamily apartment deal in Larimer County over the past year; the per-unit price ranks third.
CBRE vice presidents Dan Woodward, Dave Potarf, Matt Barnett and Jake Young represented the seller, A.G. Spanos Cos. out of Stockton, California, operating as…
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