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CBRE Brokers $25.8M Sale of The Grammercy Apartments in Southeast Denver

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Situated in southeast Denver, The Grammercy features 156 apartments in a mix of studio, one- and two-bedroom units, as well as an outdoor pool and deck.

DENVER — CBRE has negotiated the sale of The Grammercy Apartment Homes, a multifamily property located at 9600 E. Girard Ave. in southeast Denver. Carmel, Ind.-based BH Acquisitions acquired the asset from San Francisco-based FPA The Glen, an affiliate of FPA Multifamily, for $25.8 million.

David Potarf, Dan Woodward, Matthew Barnett and Jake Young of CBRE represented the seller.

Built in 1974, The Grammercy features 156 studio, one- and two-bedroom units across 13 buildings on 5.3 acres. The community offers an outdoor pool and deck, laundry facilities, reserved parking and a parcel packaging system. Approximately two-thirds of the apartments were recently upgraded with new appliances, flooring, fixtures, hardware, interior paint and resurfaced countertops.

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