Equity Residential paid $94.5 million for a 300-unit multifamily community. The seller was a Blackstone REIT. The Arbour Square Apartments last sold in 2019 for $80.5 million. The 6.65-acre project includes eight buildings constructed in 2011. The property is currently 95% occupied. The sales price came out to $315,000 a unit.
Arbour Square apartments is in Westminster Colorado and provide a lifestyle that blends style, comfort, and convenience. With thoughtfully designed homes featuring spacious floor plans with gourmet kitchens, hardwood-style flooring, and sleek, modern fixtures. With Orchard Town Center right next door, residents have shopping, dining, and entertainment just steps away. Orchard Town Center is a 1.2 million square foot retail and entertainment center. Outdoor enthusiasts will love being close to parks and trails, offering easy access to nature. Inside the community, the sky lounge boasts stunning views, while high-performance stainless-steel appliances and a variety of designer finishes make every apartment feel luxurious. At Arbour Square, it’s easy to strike the perfect balance between work, play, and relaxation.
Situated roughly 25 minutes away from both downtown Denver and Boulder and less than an hour from the ski resorts and hiking trails of the Front Range, Westminster City apartment residents enjoy a prime position to access the best of what Colorado has to offer. In town and nearby, huge scenic parks provide great opportunities for sledding and ice skating in the winter and running and biking in the warmer months.
Equity Residential owns 14 residential communities in the Denver metro region. The company previously purchased a three-property portfolio from Blackstone.
At Equity Residential our purpose is the foundation of our success and our winning spirit drives the high performance we deliver every day. With an ambitious commitment to creating communities where all people thrive, we reach beyond our property lines to the larger world around us and to neighborhoods that are lifted by our connection. We care. We give back. And every day, we are energized by the business we’re in – providing great homes for people where they can thrive, too.
