450-UNIT LOWRY VILLAGE SELLS FOR $15 MILLION

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AURORA, COLO. — Irvine, Calif.-based Lowry Village Apartments LLC – The Bascom Group LLC has purchased Lowry Village, a 450-unit apartment community located at 9913 E. First Ave. in Aurora, for $15 million. Built in 1973, the property consists of nine three-story, interior-hallway buildings offering a mix of 342 one-bedroom units and 108 two-bedroom/two-bath units. The property also features a leasing center, a clubhouse with a fitness center, a heated pool, six laundry facilities and two play areas. Chuck Sweeney of Hendricks & Partners’ Denver office represented the seller, Timberleaf Apartments LLC – Maxx Properties of Mamaroneck, N.Y., in the transaction.

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