ALLIANCE RESIDENTIAL CLOSES ON TWO MULTIFAMILY COMMUNITIES

THORNTON AND DENVER, COLO. — Alliance Residential Co. has closed on two new multifamily communities in Colorado. The properties include Broadstone Avena and TwentyOne|01 on Market. Located on the south side of East 104th Avenue in Thornton, Broadstone Avena offers 385 units in one-, two- and three-bedroom floorplans. Additionally, the property features a 5,200-square-foot recreation clubhouse/social lounge, a wireless cyber café with coffee bar, a multi-media theater with surround sound, a fully-equipped fitness center, a resort-style pool with tanning shelf and Splash Park, a heated spa, and picnic and barbeque areas. Located in the Ballpark neighborhood of Denver, TwentyOne|01 on Market will feature 52 new units in the rehabilitated section of the project and a new eight-story, 174-unit residential building, which will offer 6,673 square feet of ground-floor retail space.