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DENVER — ColRich Multifamily has acquired The Park at Canyon Ridge, a 272-unit apartment community in Denver, for $44.9 million. The community is located at 9757 E. Colorado Ave.
The Park at Canyon Ridge is situated near light rail service, schools and major employment drivers, including the Fitzsimons Medical Campus, the Southeast Business Corridor and Buckley Air Force Base. The 13-acre community features units averaging 785 square feet with washers and dryers, fireplaces and private balconies.
Amenities include a large swimming pool, fitness center and dog park. The Park at Canyon Ridge is 94 percent leased.
HFF’s Jordan Robbins, Jeff Haag and Anna Stevens executed the transaction.