Equity pays $$315K/Unit for 300-unit Denver Apartment Project, Arbour Square from Blackstone

  • 10/23/2024

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Equity Residential paid $94.5 million for a 300-unit multifamily community at 14770 Orchard Parkway off I-25 and W. 144th Avenue in Denver. The seller was a Blackstone REIT. The Arbour Square Apartments last sold in 2019 for $80.5 million. The 6.65-acre project includes eight buildings constructed in 2011. The property is currently 95% occupied. The sales price came out to $315,000 a unit.

Blackstone Group (NYSE: BX)
Rich Reyes | Managing Director, MF Real Estate Group

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