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.

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The acquisition was made in conjuction with ITM affiliate, IMTResidential, a leading nationwide apartment operator withmulti-family properties.

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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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Alta Alameda Station is a 338-unit LEED Gold-certified communityin one of Denver's most dynamic neighborhoods

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“Alameda Station was a tremendous opportunity to developapartments in the historic Baker neighborhood. Our consultant teamof Studio PBA, Norris Design, and HKSEngineering did a great job from start to finish," saidDavid Jaudes, development associate for WoodPartners' Rocky Mountain region.

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Centrally located with many transportation options, from biketrails to light rail, I-25 to pedestrian-oriented Broadway, AltaAlameda Station is within walking or riding distance ofone-of-a-kind bars, restaurants, theaters and shops. The site hasbeen home to a canning facility that provided rations during WorldWar II, a Coors bottling plant and the Denver Studio complex, where22 Perry Mason movies-of-the-week were filmed. It includes aset-aside route for a bicycle-pedestrian path that connects to theAlameda Light Rail station as well as thePlatte River Greenway.

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The LEED Gold-certified, fully handicapped-accessible communitywas built with green materials including certified green cabinetry,formaldehyde-free carpet and low-VOC flooring and paint. Amplesecure and covered bike parking is available in the garages, andresidents have access to a bike repair shop. Electricvehicle-charging stations are available for residents.

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Wood Partners is currently building three other luxuryapartment communities in the Denver metro area.

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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.