MG Properties, a leading real estate investment firm, has recently acquired Bear Valley Park Apartments in Denver for $76 million. The 260-unit garden-style community was purchased at a rate of $292,000 per unit. This marks MG’s third successful multifamily acquisition in Denver this year.
The seller, Jackson Square Properties, was represented by Jordan Robbins and his team at JLL. Financing for the transaction was secured through Fannie Mae and arranged by JLL Capital Markets.
Located on the border of Lakewood in Southwest Denver, Bear Valley Park Apartments offers residents an exceptional suburban lifestyle with easy access to major employment centers throughout the metro area. Within just 25 minutes’ drive are popular destinations such as Downtown Denver and the Southeast Business Corridor. The community boasts modern amenities including spacious renovated floor plans and is conveniently located within walking distance to various retail shops and dining options.
According to Jeff Gleiberman of MG Properties: “Bear Valley Park is an ideal addition to our long-term investment portfolio due its stable performance in a highly desirable submarket.”
