HLC, Hampshire Cos. Acquire Sage Brook Apartments in Denver for $26.3M
DENVER — A joint venture between HLC Equity and Hampshire Companies has purchased the 216-unit Sage Brook apartments in Denver for $26.3 million. The Class B community is located at 7201 Leetsdale Drive.
Sage Brook is situated three miles from the Cherry Creek neighborhood near three of the region’s largest employment centers, including Downtown Denver, Denver Tech Corridor and the Fitzsimons Innovation Campus.
HLC Equity’s management arm will operate the community. The company plans to improve the property and upgrade the general common areas and unit interiors.