Griffis Residential Buys Denver Luxury Apartment Complex for $115M

Griffis Residential bought luxury apartment community 360 Degrees from EverWest Real Estate Investors for $115 million.

Built in 2014, 360 Degrees features interiors that show on par with new construction in the area. The asset offers an amenity package and is located in the Denver Tech Center, combining attributes of urban and suburban living. 360 Degrees’ units provide views, outdoor recreation opportunities, walkable restaurants, and entertainment plus thousands of high-quality jobs accessible by car or by light rail.

Walker & Dunlop’s Dan Woodward, Dave Potarf, Matt Barnett, and Jake Young brokered the sale of and worked alongside the seller to secure the buyer.

“Core plus proper­ties in excellent locations are some of the most aggressively pursued multifamily assets on the market right now, and 360 Degrees would be no exception,” said Dan Woodward, Managing Director of Investment Sales at Walker & Dunlop. “With attractive metrics such as high replacement cost, excellent demographics and de­mand drivers, and superior build quality, 360 Degrees is po­sitioned to perform at a high level for years to come.”