The Denver suburb of Baker recently saw a major real estate transaction as Lennar’s subsidiary, Quarterra, sold a five-story apartment complex for $57 million. The 171-unit development was acquired by Green Leaf Capital Partners and has been rebranded as Green Leaf Jayne.
Green Leaf Jayne offers mostly studio and one-bedroom apartments, with a few two-bedroom units available. Units range from 500 to 1100 square feet. Residents can enjoy various amenities such as a fitness center, recreation room, pool and courtyard, dog spa, and business center with a study lounge.
This recent sale showcases Lennar’s success in the real estate market through its subsidiary Quarterra without mentioning any specific brands or locations associated with Connect CRE or Connect LA/Texas.
Since 1954, Lennar has built over one million new homes for families across America. We build in some of the nation’s most popular cities, and our communities cater to all lifestyles and family dynamics, whether you are a first-time or move-up buyer, multigenerational family, or Active Adult.
Founded in 2008, Green Leaf Capital Partners is a vertically integrated real estate investment firm that acquires, renovates, and manages apartment properties in select U.S. markets. It focuses on Class A/B suburban apartments with a strong current return. Property assessments include capital appreciation potential through renovation and market dynamics, along with varying cash flow and appreciation strategies. The firm generates value for partners through a disciplined investment underwriting process, intense focus on execution, a deep understanding of macro and micro-markets, and strategic exit timing. This is not the only property owned by Green Leaf Capital Partners in the Far West region; they also have an apartment in Glenwood Springs.
