Tahoma Capital Partners recently acquired Crossroads at City Center in Aurora for $51.5 million. The 208-unit multifamily development, built in 1999 and currently 96% leased, consists of thirteen garden-style buildings. This marks Tahoma Capital Partners’ sixth acquisition.
The seller, Jackson Square Properties and Friedkin Property Group, was represented by a CBRE team led by Terrance Hunt.
Boasting an average apartment size of 831 square feet, the community offers various amenities such as a swimming pool, around-the-clock fitness center, playground area for children and dogs alike to enjoy , business center , grilling areas , outdoor fire pit and package lockers .
According to CBRE’s Terrance Hunt: “This immaculate property not only has assumable debt below market value but also garnered significant interest from potential buyers.”
Over the past eight years under the seller’s ownership tenure improvements were made including full exterior repainting; refreshing clubhouse & fitness centers; upgrading outdoor common areas ; renovating ninety percent of unit interiors ; installing new lighting fixtures into over thirty percent of units .
