Kallisto at BearCreek

Gelt has closed its largest acquisition todate. The firm acquired Kallisto at Bear Creek, a 472-unitapartment property in Denver, for $145.5 million. With thisacquisition, Gelt now has a portfolio of more than 2,500 propertiesin the Denver metro.

"We've always believed in buying large multifamily assets,"Jeff Harris, a partner at Gelt, tells GlobeSt.com."On larger communities, we find we can achieve economies of scaleon our expenses, and also build mass in MSAs that we believe in ata faster pace, which in turn leads to further economies of scale ona market-wide level.  We will continue to seek largemultifamily assets to add to our portfolio."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Denver
Multifamily
Capital Markets
West