Two apartment communities in the Metro Denver market are offered for sale. The properties are The Bluffs at Castle Rock in Castle Rock and Center …
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Two apartment communities in the Metro Denver market are offered
for sale. The properties are The Bluffs at Castle Rock in Castle
Rock and Center Pointe East in Aurora. They consist of 428 dwelling
units in total.
The properties are part of a national multi-housing portfolio of
20 properties and 3,241 units in seven states: CA, CO, TX, FL, VA,
GA & SC. The properties are offered for sale through
The properties are available individually or collectively. The
sale is directed by Robert Schrader, the court-appointed receiver.
The portfolio is under management by The Hayman Company.
Occupancies range from stabilized to value-add. The properties are
being offered free and clear of debt obligations.
CBRE is the exclusive disposition advisor that is marketing the
portfolio. The CBRE team is represented locally by David Potarf,
Dan Woodward and Jordan Robbins. According to Potarf, "both
properties offer the investor the opportunity to buy newer, class
"A" properties in a rapidly improving Denver market"
Bids are due on September 14. The assets are offered unpriced;
pricing will be determined by the market.
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