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Equity Residential Re-Enters Denver Market With Apartment Buy

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Holliday Fenoglio Fowler LP recently revealed the sale of Alexan Uptown, a 372-unit, 12-story luxury apartment tower located in downtown Denver’s highly popular Uptown neighborhood. The HFF team marketed the asset exclusively on behalf of the seller, Trammell Crow Residential, and procured the buyer, Equity Residential.

According to a prepared statement, the sale marks Equity Residential’s re-entry into Denver since exiting the market in January 2016.

Alexan Uptown is a 12-story luxury community located at 1935 Logan Street, a core location that positions the property within walking distance to numerous critically acclaimed restaurants, bars and entertainment destinations and adjacent to employers within the Denver CBD.  The transit-oriented property is also steps from bus and light rail service.

Completed in 2017, the property consists of studio, one- and two-bedroom floor plans averaging 771 square feet.  Units are appointed with high-end finishes, including premium cabinetry, quartz countertops, stainless steel appliances, oversized windows, high ceilings, mudrooms, custom closets and balconies.  Community amenities include a resort-style pool and spa offering sweeping views of downtown, Coors Field and the Rocky Mountains; state-of-the-art fitness center with yoga, cross training and spin studios; fifth-floor games lawn; clubhouse; catering kitchen; resident lounge; business center; pet spa; and electric car charging stations.

The HFF investment advisory team representing the seller included managing director Jordan Robbins and director Anna Stevens.

“The offering attracted significant buyer interest due to its prime location in the core, walkable, highly amenitized Uptown neighborhood of downtown Denver,” Robbins noted.  “TCR did an excellent job in the development of the building, and we are pleased to have worked with Equity Residential on their re-entry into the market.”