DENVER-Multi-Employer Property Trust (MEPT) has paid 90.75 million for a 415-unit apartment complex in Denver. The Washington, DC-based company purchased the multifamily property, The Metro, from CBRE Global Investors. The acquisition price breaks down to $218,675 per unit.
The apartment community, located at 2121 Delgany St., was opened 10 years ago. MEPT has plans to upgrade the common areas, club room, leasing center, fitness center and unit finishes. Pam Koster and David Martin of Mountain States Moran & Co. represented the seller. For the full story, go to Denver Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
