DENVER—Wood Partners, LLC has sold AltaAlameda Station, a 338-unit LEED Gold-certified communityon more than five acres in one of Denver's most dynamicneighborhoods, to IMT Capital,LLC, a private real estate investment firm basedin Los Angeles.
The acquisition was made in conjuction with ITM affiliate, IMTResidential, a leading nationwide apartment operator withmulti-family properties.
Completed in July and already more than 90%leased, Alta Alameda Station adds 338apartments to the historic Bakerneighborhood west of South Broadway, which hasn't seen newhousing in a decade. Located at 275 Cherokee Street, Alta AlamedaStation is directly across the street from the AlamedaLight Rail station, which provides rapid access north todowntown Denver and south to the Denver TechCenter.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
