November 17, 2024 7:23 am
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Apartment market shows staying power

Modern-Apartments-wpckiBy Chelsey Dulaney | The Wall Street Journal

Investors in the past week have closed on two separate purchases of apartment complexes in the Denver region and Washington—for a total of $324 million—in the latest sign of the surprising endurance of the multifamily sector.

A venture including the Guardian Life Insurance Company of America and Allstate ALL +0.27% Life Insurance Co. bought a $229 million portfolio of 1,514 units in Denver, Aurora, Colo., and Renton, Wash. Radco Cos., an Atlanta-based real-estate investment firm, acquired a $95 million apartment complex with 512 units in the Lakewood suburb of Denver.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.