MLG Capital recently made a significant investment in the Denver real estate market by acquiring an apartment complex. The company has also established a new office in the Denver Tech Center, located in Greenwood Village. This move is part of MLG’s expansion strategy, as they see great potential for further acquisitions in this thriving city.
The purchased property, known as Lowry Apartments and built in 2002, consists of 192 units and was sold for $51.05 million ($265,885 per unit). This marks MLG’s second purchase within the East Colfax neighborhood after their previous acquisition back in 2007 for $24.4 million.
With rent ranging from $1,600 to $2,700 per month and amenities such as a pool, hot tub and fitness center available to residents; these apartments offer modern living at its finest.
Conveniently located within close proximity to popular attractions like Stanley Marketplace and University of Colorado Anschutz Medical Campus; these apartments are highly desirable among renters looking for convenience without sacrificing quality living space. Additionally,the recent opening of Hangar Club – an indoor golf venue just over a mile away from Lowry North apartments – adds even more value to this prime location.
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