DENVER-Behringer Harvard has acquired 7166 at Belmar, a mid-riseapartment complex of 308 units at 7166 W. Custer Ave. The communityis located in the recently developed Belmar district that serves asthe new downtown area for Lakewood, CO.
“This luxury mid-rise multifamily community provides excellentaccess to key employers in downtown Denver and the Federal Center,home of the largest concentration of federal agencies outside ournation’s capital,” says Mark Alfieri, COO of Behringer HarvardMultifamily REIT I, Inc. in a prepared statement. “We believe thisdesirable community in the amenity-rich Belmar district will appealto the high concentration of young, well-educated professionalsthat Denver continues to attract.”
Constructed in 2008, the gated community consists of two,four/five-story buildings and a private parking structure.Apartment homes range in size from 679 square feet to 1,367 squarefeet with one, two or three bedrooms and baths. Within walkingdistance of the apartment community is Belmar, a master-plannedredevelopment project encompassing 22 city blocks that combinesupscale retail, restaurants, theaters, offices and parks.
This investment was made through a joint venture betweenBehringer Harvard Multifamily REIT I Inc. and PGGM Private RealEstate Fund, an investment vehicle for Dutch pension funds.Behringer Harvard tells GlobeSt.com that it cannot disclose thepurchase price “as a matter of practice.” Including this mostrecent investment, the portfolio of Behringer Harvard MultifamilyREIT I, Inc. includes investments in 24 multifamily communities in11 states providing a total of 6,604 apartments.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
