Avalon Bay Communities, a publicly-traded real estate investment trust (REIT), recently acquired a 306-unit apartment complex in the south Denver-metro area for $95 million. The seller of this multifamily community, located at 3650 S. Broadway in Englewood, was Bell Fund VI. The property is situated at the intersection of South Broadway and Hampden Avenue.
Formerly known as Alta Cherry Hills, the nearly 4.6-acre property has been rebranded as Avalon Cherry Hills by its new owners. According to reports from the Denver Business Journal, this apartment community was previously sold in 2017 for $78.3 million and was built just three years ago.
The buildings within this complex offer studio, one-, two-, and three-bedroom layouts with monthly rents ranging from $1,365 to $2
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