BHP acquires 26-unit apartment complex in Boulder for $7.6M
BOULDER — Boulder Housing Partners, the housing authority for the city of Boulder, has acquired 2037 Walnut, a 26-unit apartment complex one block from the Pearl Street Mall in Boulder, for $7.6 million.
BHP, using the entity name 2037 Walnut Community LLC, bought the property from a group of investors led by Boulder-based Scott Holton and Chris Jacobs of Element Properties. The group paid $4 million for the property at 2037 Walnut St. in 2012 and made improvements to the complex in 2014.
The sale resulted in a 4.38 percent cap rate.
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