TRIAD PROPERTIES TAKES CHERRY TREE APARTMENTS FOR $2.25 MILLION
DENVER — Englewood, Colo.-based Triad Properties Limited has acquired Cherry Tree Apartments, which is located at 1969, 1975 and 1995 S. Decatur St. in Denver. The 49-unit property sold for $2.25 million or $45,918 per unit. Built in 1981 and 1987, the community was 97 percent occupied at the time of acquisition. Erik Robinson and Frank Farrell of Hendricks & Partners’ Denver office represented the seller, Denver-based Colorado Housing and Finance Authority, in the transaction.