New York’s Praedium acquires south Denver apartment complex
A New York-based investment firm has purchased the 258-unit Helios apartment complex in south Denver for $70 million.
The Denver Business Journal reports that Houston-based Hines, which developed the property at 7901 E. Belleview Ave., sold it to The Praedium Group LLC. Hines completed construction on the property — located near the Denver Tech Center — in 2015. The DBJ reports that the property was 93 percent occupied.
A New York-based investment firm has purchased the 258-unit Helios apartment complex in south Denver for $70 million.
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The Denver Business Journal reports that Houston-based Hines, which developed the property at 7901 E. Belleview Ave., sold it to The Praedium Group LLC. Hines completed construction on the property — located near the Denver Tech Center — in 2015. The DBJ reports that the property was 93 percent occupied.
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