ARA BROKERS SALE OF 319-UNIT APARTMENT COMPLEX IN COLORADO

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Aurora, Colo. — Apartment Realty Advisors (ARA) recently brokered the sale of Highland Point, a 319-unit property located at 16894 E. Arkansas Avenue in Aurora. Chicago-based Redwood Capital purchased the property for an undisclosed price from an unnamed seller, which was represented by ARA’s Denver-based principals Jeff Hawks and Doug Andrews. Built in 1984, Highland Point was 95 percent pre-leased at the time of the sale.

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