JLL Capital Markets announced it closed the sale and arranged acquisition financing for Forum Fitzsimons, a 397-unit multihousing property located in Aurora, Colorado.
JLL represented the seller, a partnership between Sightway Capital, Catalina Development and Pollin Group, to complete the sale to the buyer, Avanti Residential. JLL also worked on behalf of Avanti Residential to secure the acquisition financing through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.
Forum Fitzsimons was completed in 2018 and features a four-story, wrap construction. The property totals 317,961 rentable residential square feet and offers studio, one- and two-bedroom floorplan options. Units feature granite countertops, 10’ and 12’ ceilings, custom cabinetry, vinyl flooring and contemporary appliances. Community amenities include two swimming pools, business center, fitness center and outdoor courtyards with fireplaces. The property also has 28,226 square feet of ground floor retail space.
Located at 13650 E. Colfax Ave., Forum Fitzsimons is strategically situated near the area’s most prominent economic drivers and positioned in a recently completed residential mixed-use community. The property is located across from the 18.5-million-square-foot Anschutz Medical Campus is proximate to the Fitzsimons Life Science District, Denver International Airport, the Buckley Air Force Base and just 10 miles from Downtown Denver.
Also, in a transit-orientated location, Forum Fitzsimons is just one block from the Colfax Light Rail Station, granting access to Downtown Denver, the Denver Tech Center and the airport.
The JLL Capital Markets team representing the seller was led by Senior Managing Directors Joshua Simon and Jordan Robbins, Managing Director Pamela Koster, Senior Director Chris McColpin and Managing Director Matt Steffen, who also handled financing.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
