Brixton Capital, a real estate investment firm, has recently acquired a 114-unit multifamily community located in the southern area of Denver. The property was sold for $43.5 million, which equates to approximately $380,000 per unit. CBRE assisted with securing acquisition financing of $25.4 million for Brixton Capital’s purchase of Parkside at Littleton Village at 300 East Freemont Place in Littleton, Colorado from Grand Peaks.
The loan was secured by Scott Peterson, Mark McGovern , Brian Cruz and Colby Matzke from CBRE’s Debt and Structured Finance team based in San Diego with a national Life Insurance Company providing the five-year interest-only non-recourse loan.
Built in 2022,Parkside at Littleton Village offers various amenities such as a 24-hour fitness center,a game room,and controlled entry.Brixton plans to rebrand the property.The units are available in five different floor plans ranging from933to1 ,531 square feet with an average size of approximately1 ,215 square feet.Rent prices range between$2,l15and$3,Z32per month.
