Apartment developer RedPeak Properties LLC sold a 324-unit multifamily community at 650 S. Dahlia Circle in Denver, CO, to CBRE Investors for $54.3 million or $167,593 per unit.
The Heritage Creek Apartments complex is a 308,700-square-foot property with 19 buildings. The property, located in the Glendale submarket, was delivered in 1996.
David Martin of Moran & Co. represented the seller.
Please refer to COMPS #2229375 for more information on this transaction.