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Heitman Purchases 161-Unit Multifamily Community in Boulder, Colorado

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Constructed in 1993, The Boulders in Boulder, Colo., features 161 apartments. (Image courtesy of Newmark Knight Frank)

BOULDER, COLO. — Heitman has purchased The Boulders, an apartment community located at 2850 Kalmia Ave. in Boulder. Broadshore Capital Partners sold the asset for an undisclosed price.

Shane Ozment, Terrance Hunt, Justin Hunt and Andy Hellman of Newmark Knight Frank Multifamily represented the seller in the deal.

Constructed in 1993, The Boulders features 161 apartments and offers access to the city’s 155-mile trail system. The buyer plans to renovate the property’s units to stay competitive in the market.

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