AURORA, CO—BMC Investments and Oak Coast Properties have spent $65 million to acquire Liberty Creek Apartments in Aurora. The multifamily property is strategically located in the Denver metropolitan area in a submarket boasting strong rental growth, lack of new rental supply and continued barriers to entry for new development. BMC and Oak Coast acquired the asset in an off-market deal and plan to invest approximately $3 million in an extensive property renovation and repositioning effort.

“This quality apartment acquisition brings our current Denver apartment portfolio to more than 1,000 units,” said Phillip Nahas, Oak Coast’s managing partner. “The asset offers strong upside potential, to be achieved in part through a multi-tiered property renovation aimed at improving the overall rental experience and maximizing rental rates.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.