MORAN & COMPANY ARRANGES SALE OF 580-UNIT APARTMENT PORTFOLIO FOR $107 MILLION IN LAKEWOOD, COLORADO

Source: http://www.moranandco.com/2017/07/gelt-inc-acquires-580-unit-apartment-portfolio-for-107-million-in-lakewood-colorado/

Los Angeles, Calif., July 5, 2017 – Marking the firm’s largest property acquisition to date, Gelt Inc., a Los Angeles-based real estate investment and asset management firm, has acquired a two-asset, 580-unit apartment portfolio for $107 million. Located in Lakewood, CO, a thriving suburban market approximately eight miles west of downtown Denver, the adjacent properties include Ascend at Red Rocks, a 408-unit property, and Elevate at Red Rocks a 172-unit property. Read More