Stratford Partners has acquired Del Arte Townhomes, a 94-unit res community in Aurora, Colorado. The deal was financed with a $15.44 million acquisition loan.
Built in 2001, the property has eight two-story buildings across 6.57 acres. The townhomes average 1.1k sf in size and are either one- or two-bedroom floorplans. The townhomes offer a lifestyle of convenience and comfort. Featuring spacious one and two-bedroom floor plans with attached garages and the added convenience of door-to-door trash pickup. A Pet friendly community with a pool. Each unit has in unit laundry, garden tub and spacious closets. Nestled in the vibrant heart of Aurora, Colorado.
Aurora, Colorado which gives you quick access to all of east Denver. Activities outdoors, ethnic eateries, shopping, special events, and entertainment options. Aurora is split among three counties and lies distant from the respective county seats. A consolidated city and county government such as those found elsewhere in Colorado (Denver and Broomfield) was considered in the mid-1990s but failed to win approval by city voters; the issue was reconsidered in 2006.
Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke with CBRE Capital Markets‘ Debt and Structured Finance team secured a five-year, interest-only agency loan. CBRE’s Shane Ozment, Terrance Hunt, Andy Hellman and Justin Hunt in Denver facilitated the sale of the community.
CBRE Capital Markets provides the advantage of local expertise powered by global solutions. Through a platform of holistic advisory services, professional real estate investment services, debt and structured finance, investment banking financing solutions, and comprehensive services for the hotel sector.
Stratford Partners is a private real estate investment company exclusively focused on the acquisition of multi-housing assets in the major metros of the West Coast. Stratford operates over 1,000 units across nine buildings in multiple submarkets throughout Colorado. The acquisition of Del Arte Townhomes will expand Stratford’s footprint across the state.
