Brixton Capital acquired The Windsor, a 352-unit, two-story townhome and apartment community in Lakewood, Colorado. Brixton purchased The Windsor from TA Realty for $124.25 million. The property will be rebranded Brixton Townhomes at Bear Creek and will undergo renovations, inside and out.
The Windsor comprises 53 buildings, encompassing 392,000 square feet of leasable space spread over 29 acres. Currently, 95% occupied, The Windsor boasts 1,115 square feet, on average, per unit. Carmel Partners built the apartment project.
Units include 1-3 bedrooms, 1-2.5 bathrooms, and range from 800 to 1500 square feet. Rents are estimated to run between $2000 and $4000 per month. The property was built in 1997 and is pet-friendly.
Residents of The Windsor enjoy a completely gated community with amenities such as a clubhouse, leasing center, coffee station, three swimming pools, spa and hot tub, fitness center, dog park and tennis courts. Residents also benefit from direct access to the Bear Creek trail system and proximity to the Whole Foods-anchored Belmar Shopping District.
Brixton owns and manages a portfolio of multifamily and retail assets totaling more than $1 billion. With an unprecedented track record of successful real estate investing spanning three decades, over 1750 properties representing $14 billon of asset value and virtually zero losses, Brixton and its principals have consistently achieved outstanding returns across multiple real estate cycles spanning more than 30 years. Today Brixton owns and manages a diverse array of real estate assets totaling more than $1 billion which each offer an important combination of mitigated downside protection with the opportunity to create additional value through the disciplined execution of each property’s business plan.
