Real Estate & Construction  December 8, 2021

Greeley, Evans apartment complexes sell for nearly $100M combined

GREELEY and EVANS — The Ten West apartment complex near the intersection of U.S. Highway 34 and 63rd Avenue sold for $80 million, or $303,030 per unit, in a transaction recorded Dec. 1. That same day, the Arbor Garden Townhomes at 2701 Arbor Way in Evans sold for $17 million, or $212,500 per unit.

The 264-unit Ten West is a luxury complex that was completed this year. The developer, Englewood-based Saunders Commercial Development Co., sold the complex to Akron, Ohio-based real estate company Summit Management Services Inc.

Arbor Garden Townhomes consists of 80 units. It was developed in 2005 by Greeley-based Fisbeck/Sheel Construction. It sold it to Del Mar, California, company Stratford Partners, which is already heavily invested in the Front Range multifamily market; it owns four complexes in Northern Colorado and two in the Boulder Valley. 

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GREELEY and EVANS — The Ten West apartment complex near the intersection of U.S. Highway 34 and 63rd Avenue sold for $80 million, or $303,030 per unit, in a transaction recorded Dec. 1. That same day, the Arbor Garden Townhomes at 2701 Arbor Way in Evans sold for $17 million, or $212,500 per unit.

The 264-unit Ten West is a luxury complex that was completed this year. The developer, Englewood-based Saunders Commercial Development Co., sold the complex to Akron, Ohio-based real estate company Summit Management Services Inc.

Arbor Garden Townhomes consists of 80 units. It was developed in 2005 by Greeley-based Fisbeck/Sheel…

Ken Amundson
Ken Amundson is managing editor of BizWest. 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 on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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