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Apartment Complex North of Denver Sells for $83M

Buyers Priderock Capital were attracted to the 320-unit complex' lack of upgrades since it's 2001 opening, presenting renovation potential.

Denver-capital Photo of Denver State Capitol by Shutterstock

A Florida-based real estate firm has purchased a large apartment complex in Northglenn Colo. for $83 million.

Earlier this month Priderock Capital Partners closed on the deal to buy Stone Mountain Apartment Homes from Valhalla Holdings LLC, which is based in Boulder, Colo. The deal came together amidst the COVID-19 outbreak with things getting started in the latter half of March, according to CBRE Executive Vice President David Potarf, one of the three Denver-based CBRE brokers who represented Valhalla in the sale.

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Karen Sloan

Karen Sloan

Karen Sloan is the Legal Education Editor and Senior Writer at ALM. Contact her at [email protected]. On Twitter: @KarenSloanNLJ Sign up for Ahead of the Curve—her weekly email update on trends and innovation in legal education—here: https://www.law.com/briefings/ahead-of-the-curve/

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