JANUARY 19-FEBRUARY 1, 2022
Equity Residential buys 9+CO apartments
FEATURED
by Jenna Walters
DENVER – A Chicagobased real estate investment trust acquired Milo and Theo, two luxury apartment buildings at the 26-acre mixed-use 9+CO redevelopment. Equity Residential purchased the multifamily portfolio, totaling 594 units at 4109 E. 10th Ave. and 985 N. Albion St. in Denver., from developers CIM Group and Continuum Partners. Dan Woodward, David Potarf, Matt Barnett and Jake Young of Walker & Dunlop brokered the transaction. While an exact sales price was undisclosed, Young said the buildings have a combined value of more than $300 million. Built in 2019, Milo reaches eight stories and offers 319 units, with studio to threebedroom floor plans. The property also features a 418stall parking garage. Theo sits adjacent to Milo, also offering studio to three-bedroom apartments. It features more than 41,000 square feet of ground-floor retail and 1,062 parking spaces. The portfolio’s community amenities include a resort-
INSIDE
6 First tenant
Moye White signs a lease at The Current in RiNo
The Milo and Theo apartments at 9+CO are under new ownership. style pool and spa courtyard, fitness studio and yoga room, resident lounge, game room, fire pits and grilling stations, coworking spaces, and a pet spa. Additionally, residents of Milo and Theo have access to walkable amenities at 9+CO, which features Class A office space, entertainment, boutique shopping, dining, and public
gathering and outdoor green spaces. According to Young, the overall size and quality of the portfolio were attractive to a variety of Jake Young investors,
including institutional capital. The Walker & Dunlop team took the property to market in September, and it sold by year-end. Equity Residential adds Milo and Theo to a nationwide portfolio spanning several top markets, including New York City, San Francisco and Los Angeles. s
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CONTENTS Office 4
Law & Accounting
Industrial 10
Finance 31
28
Multifamily 16
CDE News
34
Retail 22
Who's News
52
AURORA – A privately held real estate investment firm purchased a luxury garden-style apartment community in Aurora, adding to its Denver area portfolio. Buyer 29th Street Capital, known as 29SC, acquired Peakline at Copperfield, the 266-unit property at 4343 S. Picadilly St. The buyer purchased the asset from seller Grand Peak Properties for $104 million, or $390,977 per unit. Jordan Robbins and Pamela Koster of JLL exclusively brokered the transaction. Completed in 2020, Peakline at Copperfield comprises 10 buildings offering one-, two- and three-bedroom units. Community amenities include a resort-inspired pool and spa, a state-of-theart fitness center, and a clubhouse café with beer and wine on tap. At closing, the
Peakline at Copperfield is under new ownership property was 95% occupied. According to 29SC representatives, the property was attractive because of its location within the Cherry Creek School District and
near employment opportunities in the southeast business corridor, Fitzsimons medical district and Buckley Air Force Base. Additionally, the asset’s high-end amenity
package and unit finishes proved attractive. “The luxury standard has been raised at Peakline,” Please see 29th Street, Page 37
