TruAmerica Multifamily has expanded its presence in the Denver-area rental market with the acquisition of WestLink at Oak Station in Lakewood for $71.5 million. The property, located at 1665 Pierson St., was purchased from Inland Real Estate Group of Cos. Inc., according to reporting from the Denver Business Journal. Inland had previously acquired the community in 2016 for more than $63 million, marking a hold period of roughly a decade before this latest trade.
The purchase of WestLink at Oak Station increases TruAmerica’s footprint in Colorado, bringing its statewide portfolio to more than 4,200 apartments across 15 properties that it owns and manages. The transaction underscores the firm’s continued focus on scaled multifamily holdings in the state.
WestLink at Oak Station is a 244-unit, garden-style apartment community that was delivered in 2015. As part of its business plan for the asset, TruAmerica intends to renovate the interiors of all 244 apartments. While specific renovation details were not disclosed, the company signaled a comprehensive interior refresh across the full unit count.
Amenities at the property include a swimming pool and hot tub, fitness center, business center, and a clubhouse, positioning the community within the amenitized garden-style segment of the Denver-area multifamily market. No information was provided on unit mix, average rents, or current occupancy.
The acquisition and related capital stack involved multiple CBRE teams. CBRE’s Denver Multifamily team, led by Shane Ozment and Terrance Hunt, facilitated the sale. Debt financing for the acquisition was arranged by CBRE’s Debt and Structured Finance group, led by Ryan Greer and Troy Tegeler, though specific loan terms and lender identity were not disclosed.
More broadly, TruAmerica reports ownership and operation of a national multifamily portfolio totaling 65,000 units across 20 states. The WestLink at Oak Station acquisition adds to that national platform while further consolidating the firm’s position in the Colorado multifamily sector.
