ENCORE HIGHPOINTE PARK IN THORNTON SELLS FOR $40.7M
DENVER — Asher Investments has acquired the 220-unit Encore Highpointe Park in the Denver suburb of Thornton for $40.7 million. The Class A community is located at 9701 Pearl Street, near Interstate 25, just north of Downtown Denver. The seller, a joint venture between Encore Enterprises and Inland Private Capital Corporation, was represented by HFF’s Jordan Robbins and Jake Young.
In other multifamily news, HFF also recently secured $31 million in financing for Green River Village, a 333-home site manufactured housing community in Corona, Calif. Zach Koucos secured the 10-year, fixed-rate loan through Union Bank, N.A. He worked on behalf of Hometown America, which will use the proceeds to pay off a maturing loan balance.