Colorado

DENVER — Manulife Investment Management, on behalf of a third-party managed account, has purchased TriVista on Speer, a multifamily property located at 1350 Speer Blvd. in Denver’s Golden Triangle neighborhood. An undisclosed seller sold the community for $144.5 million. Completed in 2019, the seven-story TriVista on Speer features 322 apartments with an average unit size of 985 square feet. All units include designer kitchens with granite and quartz countertops, in-home washers/dryers, high ceilings and oversized windows with mountain and city views. Community amenities include a rooftop pool and spa; two courtyards with firepits and bocce ball courts; a chef’s kitchen; a two-story fitness center with a yoga/spin studio; and a pet spa/grooming station. Brady O’Donnell and Jill Haug of CBRE arranged an acquisition loan through MetLife for the buyer.

DENVER — RW Flats and Urban Villages, which also serves as property manager, have completed the disposition of Vita Flats, a Class B apartment property located at 101 N. Grant St. in Denver. Cohen Rojas acquired the community for $19.2 million. Built in 1961 and renovated in 2009, Vita Flats features 18 studio units, 47 one-bedroom units and nine two-bedroom units. The 11-story, 50,905-square-foot building features an Amazon package hub and a commercial-grade kitchen for resident use on the ground-floor. The new owner plans to renovate the units, as well as potentially add new units to the ground floor of the property. Patrick Henry, Boston Weir, Foster Gillis and Tommy Vento of Henry Group acted as transaction brokers in the sale.

DENVER — Oak Coast Properties has purchased a two-property multifamily portfolio located in Denver for $61 million. Totaling 427 units, the portfolio includes The Avalon and Estrella. The buyer is planning $3.2 million in renovations as part of an enhancement plan aimed to improve the marketability and return on investment of the communities. Located at 645 Wolff St., The Avalon is a 14-building community on 16.2 acres. The garden-style property features 235 apartments in a mix of studio, one-, two- and three-bedroom layouts. Community amenities include a pool, soccer field, volleyball court, fitness center, laundry facility, clubhouse, and picnic and grill areas. The property was originally built in 1961. Located at 7030 Pecos St., the five-building Estrella features 192 units in a mix of one- and two-bedroom floor plans. Situated on 4.5 acres, the community includes a pool, soccer field, fitness center, laundry facility, grill area, playground and clubhouse. Charles Halladay, Rick Salinas and Rob Bova of JLL Capital Markets secured a $47 million, seven-year, floating-rate loan through agency financing for the buyer. JLL Real Estate Capital will service the loan. Tom Wanberg and John Blackshire of Transwestern represented the undisclosed seller in the deal. Echelon Property Group will manage …