Market Overview

HFF Announces Sale of High-Rise Apartments in Uptown Denver

Share:

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Alexan
Uptown, a 372-unit, 12-story luxury apartment tower located in downtown
Denver's highly popular Uptown neighborhood.

The HFF team marketed the asset exclusively on behalf of the seller,
Trammell Crow Residential (TCR), and procured the buyer, Equity
Residential. The sale marks Equity Residential's re-entry into Denver
since exiting the market in January 2016.

Alexan Uptown is a 12-story luxury community located at 1935 Logan
Street, a core location that positions the property within walking
distance to numerous critically acclaimed restaurants, bars and
entertainment destinations and adjacent to employers within the Denver
CBD. The transit-oriented property is also steps from bus and light rail
service. Completed in 2017, the property consists of studio, one- and
two-bedroom floor plans averaging 771 square feet. Units are appointed
with high-end finishes, including premium cabinetry, quartz countertops,
stainless steel appliances, oversized windows, high ceilings, mudrooms,
custom closets and balconies. Community amenities include a resort-style
pool and spa offering sweeping views of downtown, Coors Field and the
Rocky Mountains; state-of-the-art fitness center with yoga, cross
training and spin studios; fifth-floor games lawn; clubhouse; catering
kitchen; resident lounge; business center; pet spa; and electric car
charging stations.

The HFF investment advisory team representing the seller included
managing director Jordan Robbins and director Anna Stevens.

"The offering attracted significant buyer interest due to its prime
location in the core, walkable, highly amenitized Uptown neighborhood of
downtown Denver," Robbins noted. "TCR did an excellent job in the
development of the building, and we are pleased to have worked with
Equity Residential on their re-entry into the market."

About Trammell Crow Residential

Trammell Crow Residential (TCR) is a national multifamily real estate
developer with over 40 years' experience and a local presence in 12 key
U.S. markets. Since 2012, TCR has developed, financed and asset managed
more than $5 billion of multifamily communities totaling over 20,000
units, delivering amenity-rich communities in economically thriving
locations nationwide. TCR and Crow Holdings Industrial (CHI) are the
development divisions of Crow Holdings, a real estate investor,
developer and owner with a global multi-asset investment platform and
longstanding industry relationships built on trust, integrity and
partnership. For more information, please visit http://tcr.com/.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE:HF). For more information, please
visit hfflp.com
or follow HFF on Twitter @HFF.

View Comments and Join the Discussion!