AURORA, CO—Advenir, a premier provider ofmulti-family real estate investment and management services, hasacquired Del Arte Lofts & Flats, a 351-unitapartment community in Aurora. Advenir has acquired 3,100 apartmentunits since late 2011 in the greater Denver area.

The property, renamed Advenir at Del Arte, is a11.42-acre, 17-building, apartment community located at 151S. Joliet Circle in Aurora. Built in 1986, all theinterior units were recently renovated and other significantimprovements and upgrades were made. Since renovation, the propertyhas had strong leasing activity and was 93% occupied at the closeof escrow. The community features 17 studios, 217 one bedroom/onebathroom units and 117 two bedroom/two bathroom units aboutone-third of the units being loft-style townhomes. Del Artefeatures amenities such as a newly designed clubhouse with abusiness center and WiFi; barbeque areas; 24-hour fitness center;dog park; pool and hot tub; pond; and jogging trail.

"The greater Denver region is one of the country'stop-performing apartment markets," said ToddLinden, chief acquisition officer of Advenir. "Advenir atDel Arte is a strategic acquisition for us as it offers qualityresidences, on-site amenities, and easy access to retail, dining,and job centers. It is also located in the heart of the region'sfastest-growing employment center.”