Boulder firm sells apartment complexes for $61M

BOULDER and DENVER — Boulder firm Mountain View Capital has sold two Denver apartment complexes to Los-Angeles-based buyer Oak Coast Properties, Oak Coast announced last week in a news release.

The sale was for $61 million.

The complexes are the 194-unit Estrella at 7030 Pecos St. and the 235-unit Avalon at 645 Wolff St. 

Oak Coast Properties is planning $3.2 million in renovations to the properties. 

“Denver continues to draw new residents with its vast employment opportunities and attractive lifestyle,” Phil Nahas, managing partner of Oak Coast Properties, said in a prepared statement. “There is an ongoing housing shortage here however and enhancing existing…