Harbor Group International LLC, an international real estate investment and management firm, announced the $132.5 million acquisition of a two-asset multifamily portfolio in Colorado.
The portfolio consists of two new Class A properties: Ladora Modern, a 196-unit community in Denver that is 84.7% occupied, and Prospector Modern, a 238-unit property that is 86.1% occupied and located in the town of Castle Rock, between Denver and Colorado Springs.
With these acquisitions, the company now owns 10 real estate assets in Colorado.
“Denver has had a consistently strong growth rate and is expected to attract more residents as the city’s investment in transportation and infrastructure creates additional jobs and opportunities in the market,” said Greg Heller, managing director of acquisitions at HGI. “As newly developed, well-located apartment communities, Ladora Modern and Prospector Modern will benefit from the area’s growing population.”
Photo: Ladora Modern
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