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The Lydian apartment complex at 2590 Welton St. in Denver’s Five Points neighborhood has sold for the second time in less than three years. Minneapolis-based multifamily investor Centerspace bought the 129-unit property for $54M in a deal that closed Oct. 1.

The purchase included the assumption of a $35M mortgage, according to a release from Centerspace. The assumed debt carries a 3.72% interest rate and matures in February 2027 but is interest-only until January 2032.