HFF closes sale of Denver-area apartment community
DENVER, CO – July 13, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Greenwood Plaza, a 266-unit apartment community in Centennial, Colorado.
HFF marketed the asset exclusively on behalf of the seller, and procured the buyer, Waterton.
Greenwood Plaza has 14 garden-style buildings offering a mix of one-, two- and three-bedroom units averaging 947 square feet. Apartment homes feature generous balconies, full-size washers and dryers and a mix of attached and detached garages. The 11.7-acre community is located at 7610 E. Caley Avenue in Denver’s booming Tech Center submarket positioning it near many major employers, including seven Fortune 500 headquarters. Additionally, Greenwood Plaza is convenient to the Arapahoe at Village Center Light Rail station and Interstates 25 and 225 providing access around the Denver metropolitan area. Common area amenities include a resort-style swimming pool, fitness center and lounge. The property was more than 96 percent occupied at closing.
The HFF investment sales team representing the seller was led by managing director Jordan Robbins and associate director Jeff Haag.
Waterton is a real estate investor and operator with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value-add strategies and manages a national portfolio of multifamily and hospitality properties on behalf of institutional investors, family offices and financial institutions. Since its formation, the company has acquired over $6.2 billion in real estate assets. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of March 31, 2017, Waterton’s portfolio includes approximately $3.4 billion in real estate assets, including 39 multifamily investments totaling over 13,000 units and 11 hotels with more than 2,500 rooms. Visit Waterton’s website: waterton.com.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.