(Read more on the multifamily market.)
AURORA, CO-Granite Peak Partners of Santa Barbara has acquiredtwo apartment complexes totaling 664 units for $42.1 million. TheSanta Barbara firm's new assets are the 304-unit CountrysideVillage at 15300 E. Evans Ave. and the 360-unit StonebrookApartments at 932 South Helena Way.
Granite Peak acquired the properties from ECD Co. through itsGranite Peak Partners' Opportunity Fund III, which raised theequity for the deals from its client base of high net worthinvestors and is now officially closed. Both Granite Peak and theseller were represented by Tom Wanberg with the Denver office ofGrubb & Ellis.
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