AURORA AND LAKEWOOD, COLO. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Hampden Hills Post Acute, a 218-bed skilled nursing facility in Aurora, and Mapleton Post Acute, an 84-bed skilled nursing facility in Lakewood. Both properties are located in first-ring suburbs of Denver. Ensign has signed long-term, triple-net leases for both. The owner was not disclosed. These acquisitions bring Ensign’s growing portfolio to 290 healthcare operations, 26 of which also include senior living operations, across 13 states. Ensign subsidiaries, including Standard Bearer, own 108 real estate assets and sublease three healthcare operations to a third-party.
LAKEWOOD, COLO. — The Bascom Group, in partnership with Artemis Real Estate Partners, has purchased Avenida Lakewood, an active adult apartment property in Lakewood. Restricted to residents age 55 or older, the community is located at 11001 West 15th Place. Terms of the transaction were not released. Constructed in 2019, Avenida Lakewood features 230 apartments with quartz countertops, stainless steel appliances, oversized cabinetry, custom lighting and faux wood flooring. Community amenities include a clubhouse, game room, arts studio, theater, salon, pool, spa, fitness and yoga studios, gardening plots, a sky lounge, electric vehicle charging stations and a pet park. Ryan Maconachy and Courtney Crowder of Newmark brokered the transaction. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors arranged debt financing for the acquisition from Santander Bank. Apartment Management Consultants will provide property management services for the asset.
LAKEWOOD, COLO. — The Bascom Group, in partnership with Artemis Real Estate Partners, has purchased Avenida Lakewood, an active adult apartment property in Lakewood. Restricted to residents age 55 or older, the community is located at 11001 W. 15th Place. Terms of the transaction were not released. Ryan Maconachy and Courtney Crowder of Newmark brokered the transaction. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors arranged debt financing for the acquisition from Santander Bank. Apartment Management Consultants will provide property management services for the asset. Constructed in 2019, Avenida Lakewood features 230 apartments with quartz countertops, stainless steel appliances, oversized cabinetry, custom lighting and faux wood flooring. Community amenities include a clubhouse, game room, arts studio, theater, salon, pool, spa, fitness studio, yoga studio, gardening plots, sky lounge, electric vehicle charging stations and a pet park.
Continental Properties Opens 240-Unit Springs at Northgate Multifamily Community in Colorado Springs
COLORADO SPRINGS, COLO. — Continental Properties has opened Springs at Northgate, an apartment property located at 93 Clear Pass View within the 200-acre master-planned Polaris Pointe development in Colorado Springs. Springs at Northgate features 240 townhome-style studios, one-, two- and three-bedroom apartments with modern floor plans, high-end finishes, gourmet kitchens, abundant natural light, in-unit washers/dryers and private patios or balconies. Onsite amenities include a swimming pool, community clubhouse, outdoor grill area, 24-hour fitness center, car care area and leash-free dog park.
COMMERCE CITY, COLO. — Industrial Outdoor Ventures (IOV) has completed the disposition of an 11.9-acre Industrial Service Facility (ISF), which is a property that is used to store, maintain or dispatch vehicles, equipment or bulk materials. The sale also included a flex building at 8780 E. 93rd Place in Commerce City. The buyer and price were not disclosed. Completed in September 2022, the 52,500-square-foot Class A maintenance and repair facility features 4,200 square feet of office space and can accommodate a single user or multiple tenants. The shop area features two wash bays and 18 drive-through service bays, as well as sealed concrete floors and trench drains. Additionally, the property includes a fully fenced and secured yard for parking and storage, LED lighting and extensive landscaping. Mike Wafer, Mike Wafer Jr. and Mike Viehmann of Newmark represented IOV, while James McGill and Chris Schultz of JLL represented the buyer in the transaction.
ENGLEWOOD, COLO. — NorthPeak Commercial Advisors has arranged the sale of an industrial building located at 2931 S. Tejon St. in Englewood. The 11,000-square-foot asset traded for $1.7 million, or $155 per square foot. Drew Williams, Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors represented the undisclosed buyer and undisclosed seller in the deal.
ERIE, COLO. — Evergreen Devo has completed the disposition of UCHealth – Erie Nine Mile Medical Center, a Class A medical office building in Erie, approximately 25 miles north of Denver. An Arizona-based private real estate company acquired the asset for $5.6 million. Located at 2970 Arapahoe Road, the newly built, single-tenant property features 8,000 square feet of medical office space. UCHealth, a nonprofit healthcare system headquartered in nearby Aurora, fully occupies the asset. The Erie Nine Mile Medical Center is part of a 47-acre, mixed-use center that Evergreen is developing. Upon full build-out, the full development will feature 287 multifamily units, a King Soopers grocery store and multiple retail pads and shops. Jason Schmidt and Larry Thiel of JLL Capital Markets’ investment sales advisory team represented the seller in the deal.
COLORADO SPRINGS, COLO. — Pinnacle Real Estate Advisors has arranged the sale of an apartment portfolio in Colorado Springs. The assets traded for $16.5 million. Totaling 120 apartments, the properties are located at 1429 Potter Drive and 3950-3960 Galley Road. Mike Krebsbach of Pinnacle Real Estate Advisors represented the undisclosed seller and buyer in the transaction.
DENVER — NorthPeak Commercial Advisors has arranged the sale of an apartment complex located at 551 S. Fairfax St. in Denver. The 13-unit asset traded for $2.3 million, or $180,769 per unit. The names of the seller and buyer were not released. Hunter Schaefer, Jack Sherman and Dan Hawthorne of NorthPeak Commercial represented the buyer and seller in the deal.
PARKER, COLO. — Blue West Capital has brokered the acquisition of a single-tenant ground lease located at 9560 Twenty Mile Road in Parker. A Denver-based 1031 exchange investor acquired the asset from an Arizona-based development company for $2.1 million. Murphy Express occupies the site on a 20-year corporate ground lease that features 10 percent rental increases every five years and zero landlord responsibilities. Murphy Express (NYSE: MUSA) is the sixth largest convenience store chain in the United States with more than 1,500 locations. Brandon Gayeski of Blue West Capital represented the buyer in the transaction.