The seller is Bryan Stern of Baron Properties LLC. It sold for almost 10% more than its assessed value of $40 million, according to public records viewed by GlobeSt.com. Units range in size from about 750 sf to 1,211 sf. Amenities include a 25-meter lap pool, hot tub and a clubhouse.
The brokers on the deal were Dave Potarf and Dan Woodward of the Denver office of Marcus & Millichap. With this sale, the Potarf-Woodward team has sold more than $200 million in apartments so far this year. The communities they brokered have a total of more than 2,200 units.
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