Greystar buys pair of CU Boulder student apartment complexes for $189.5 million

BOULDER — Hive 9Seventy and The Hive Baseline, two formerly hedge fund-owned apartment complexes for University of Colorado Boulder students, have been acquired by Charleston, South Carolina-based property management giant Greystar Real Estate Partners LLC for a combined total of $189.5 million, Boulder County property records show. 

The properties include 282 units, so the per-unit price tag Greystar paid is an eye-popping $671,985.

Hive 9Seventy and The Hive Baseline are located at 970 28th St. and 726 Moorhead Ave. respectively, and feature studio, one-, two-, and three- bedroom apartments.

The seller was a set of holding companies affiliated with Washington-based private equity firm…