Equity Residential has recently acquired Aventine Littleton, a 227-unit community located in the Denver suburb of Highlands Ranch. The seller was Century Living, a division of Century Communities’ multifamily branch.
The property was purchased for $91.3 million and according to Yardi Matrix data, it was developed in phases between 2023 and 2024 with the help of a $48 million construction loan from PNC Bank in 2022.
Situated on over four acres of land, the community consists of five three- and four-story buildings. It offers one-, two-, and three-bedroom floorplans ranging from 755 to 1,364 square feet with private balconies or patios included in each unit. Residents can also enjoy various amenities such as a fitness center, swimming pool and hot tub, sunroom area, outdoor kitchen space for communal use as well as access to a clubhouse equipped with conference rooms and workspaces.
Located at 2503 Primo Road , this property is approximately fifteen miles away from downtown Denver while being about forty-two miles northeast from Denver International Airport .
CBRE’s Terrance Hunt , Shane Ozment , Chris Hart ,and Brad Schlafer represented Century Living during this transaction.
In summary:
Equity Residential recently acquired Aventine Littleton -a community consistingof227 units- locatedintheDenver suburbofHighlandsRanchfromCenturyLiving,a divisionofCenturyCommunities’multifamilybranch.Thepropertywaspurchasedfor$91 .3millionwiththedeveloperutilizingafundingoffortyeightmilliondollarsfromPNCBankin2022toconstructitbetweenphasesintheyears2023and24.Itoccupiesoverfouracresofsurfacearea,andiscomprisedoffivebuildingsrangingbetweenthree-andfour-stories.Thesizevariesdependingonthetypeoftwoorthreebedroomsapartments,withfloorplansrangingfrom755to1,364squarefeet.Eachunitcomeswithaprivatebalconyorpatio,andresidentscanenjoyamenitiessuchasafitnesscenter,poolandhot-tub,sunroom,outdoorcommunitykitchen,clubhouseforrecreationalactivities,andconference/workspaces.Thepropertyislocatedat2503PrimoRoad,fifteenmilesawayfromdowntownDenverandfortytwo miles northeast from Denver International Airport.CBRE’sTerranceHunt , Shane Ozment , Chris Hart and Brad Schlafer represented Century Living during the transaction.
