Brookfield buys 120-unit Globeville apartments, The Villas, for $40M ($333k/unit) after conversion from student housing

Multifamily

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Denver Business Journal

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• Subcategory: Conversion, Sale

• Tag: MF: Garden

• Additional Filters-Subcategory: Conversion: Student-to-Market Rate

• Additional Filters-Tags: Brookfield Asset Management

Highlights
California Commercial Investment Group sold The Villas in Denver for $40 million Thursday.
The company bought the five-building, 120-unit complex in 2021 for nearly the same price.
Brookfield Properties acquired the repositioned multifamily community after CCIG converted it from student housing.

Brookfield Properties

Linda Early | President, Multifamily, United States

linda.early@brookfieldproperties.com

212-417-7000

Brookfield Properties

Jon King | SVP, Operations-Chicago, Denver, Dallas, Seattle, OH & CA (Multifamily)

jon.king@brookfieldproperties.com

216-621-6060