BACK TO NEWS OVERVIEW

Orion Real Estate Partners Acquires 98-Unit Value-Add Apartment Complex in Denver MSA

January 13, 2020

L.A. based Orion Real Estate Partners (“Orion”) announced today that it has closed on the acquisition of Continental Court Apartments, a garden-style apartment community in Denver, Colorado. Orion purchased the 98-unit apartment community in January 2020 and plans to invest approximately $1.7mm in interior and exterior improvements. The Property is located in the South Denver/Englewood submarket, a Denver infill location with a Walk Score of 80 and close proximity to major employment hubs, entertainment, and transportation. In addition to being less than 15 minutes from downtown Denver, The Property has a favorable unit mix with 60% of the units comprising two- and three-bedroom units providing an attractive option to an underserved workforce renter population that has been priced out of other properties in the market. This is Orion’s sixth acquisition in the Denver MSA with a continued favorable long-term outlook on both job and population growth outpacing national averages. CBRE Multifamily Capital provided an attractive 10-year floating rate acquisition loan through Freddie Mac. Orion engaged Apartment Management Consultants (“AMC”) to provide property management services.

More News

Orion Real Estate Partners Acquires 144-Unit Active Adult Community in Salt Lake City, Utah
Orion Real Estate Partners Acquires 79-Unit Value-Add Apartment Complex in North Ogden, Utah
Orion Real Estate Partners Acquires 180-Unit Value-Add Apartment Complex in San Antonio, Texas
Orion Real Estate Partners Acquires 316-Unit Townhome Style Apartment Complex In San Antonio, TX
Who we are

Orion Real Estate Partners

Orion Real Estate Partners is a private real estate investment firm with offices in Los Angeles, Denver, and Austin.

Orion targets value-add multifamily assets in select Western US markets with strong demographics and job growth. Utilizing proven institutional processes to source and manage investments, we identify assets with capital and operational repositioning opportunities to provide attractive returns for our investors.

Home Overview Strategy Investment Criteria Portfolio Team News Contact Us Investor Login