Orion Real Estate Partners Acquires Eighth Denver Area Multifamily Community with 96-Unit Yukon Court Apartment in Wheat Ridge

WHEAT RIDGE, CO – Los Angeles-based Orion Real Estate Partners has bought Yukon Court Apartments, a garden-style apartment community in Wheat Ridge, Colorado. Orion bought the 96-unit apartment community and plans to transform the property with a full exterior and interior renovation.
“We are very excited to add Yukon Court to our growing Denver portfolio,” said Orion founder Marc Venegas. “The property represents our eighth acquisition in the Denver MSA and our first in the western suburb of Wheat Ridge. Denver’s western suburbs, including Wheat Ridge and Arvada, have proven to be very desirable housing areas given their close proximity to major employment centers and convenient access to outdoor recreation.”
Yukon Court Apartments is located within a 15-minute drive to downtown Denver and has brilliant access to major west side employment centers including Lutheran Medical Center, The Denver Federal Center and Jefferson County Municipal Offices. In addition, the property is located just off the bustling commercial retail corridor of Wadsworth Boulevard and five minutes south of charming Olde Town Arvada.
Yukon Court Apartments consists of two and three-bedroom units located in a silent, residential enclave and includes a community swimming pool, playground and sports court. Orion will implement a full renovation program that will revitalize the six two-tale buildings, modernize the unit interiors, improve the property’s existing recreational features and add more outdoor amenity areas for the residents to delight in. Orion has engaged Denver-based UV Residential to provide property management services and is excited to implement their Urban Village Program to engage the residents and promote a sense of community at the property.

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Main Street Residential Completes $23 Million Acquisition of 218-Unit River Gardens Apartment Community in Tampa, Florida

TAMPA, FL – Main Street Residential, a Florida based multifamily investment group, announced the $23 Million acquisition of River Gardens Apartments in Tampa, FL. Berkadia represented KCB Real Estate Management for the sale to Main Street Residential.
The CBS constructed property consists of 218 units offering one, two and three-bedroom garden style apartments. River Gardens has many exemplary amenities including direct waterfront access with boat docks, water transport service, three swimming pools, resident clubhouse, fitness center, dog park, and large living spaces.
Todd C. Marshall, Main Street Residential Managing Partner, states that, “This acquisition is an exciting addition to our investment portfolio. River Gardens is a unique multifamily property that was built in 1965 and will undergo Main Street Residential’s Value-Add Signature Renovation of all apartment interiors, common areas, amenities and building exteriors.”
Situated on the Hillsborough River, River Gardens is located at 4009 North Howard Avenue, Tampa, in Hillsborough County, FL. It is near multiple employers in the Westshore Business District with direct access to Downtown Tampa, and five minutes from I-275. This locale has the quality of life, brisk in-migration, healthy job growth, and affordable housing that has made the Tampa-St. Petersburg-Clearwater Metro Statistical Area (MSA) one of the fastest-growing metro areas in the country. The Tampa Bay area is the population center of Florida’s Gulf Coast region with over 3.1 million residents and an active labor force, one of the largest in the state.

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Venterra Realty Acquires 505-Unit The Harrison Garden-Style Apartment Community in The Atlanta Suburb of Sandy Springs, Georgia

SANDY SPRINGS, GA – Venterra Realty bought The Harrison Apartments in the Atlanta suburb of Sandy Springs, GA. This acquisition marks the first in Sandy Springs and the 11th in Georgia.
The Harrison is a garden-style property, built in 1975, with 505 apartments spread out over 40 acres. Located just south of I-285 along Roswell Road, inside the Perimeter, the property’s convenient access to I-285, provides residents simple access to Perimeter Center, Pill Hill, and Buckhead.
The community offers seven unique one, two, and three bedroom apartments ranging in size from 900 sq. ft. to 1649 sq. ft., with rents ranging from $1104 to $1554 per month. The Harrison’s apartment interiors have been upgraded to include stainless steel appliances, granite countertops, tile backsplashes and wood plank vinyl floors. The property offers a well-rounded amenity package including a renovated sports court, which includes a sand volleyball court, Bocce court, and Pickleball court, swimming pool, grilling pavilion, dog park, 2 playgrounds, and multiple picnic and grilling areas.
“We are thrilled to add another community to the Atlanta region, especially in Sandy Springs. The Harrison in particular offers classic layouts and space with modern, updated features. Being inside the Perimeter, this close to I-285, is fantastic for commuters and the large layouts and sunrooms, are ideal for remote workers as well,” said Teri Davis, Regional Manager for Venterra Realty
Venterra will implement its resident-focused programs, such as the Live it. Like it. Guarantee.TM, the 48-Hour Maintenance Guarantee, SMARTLEASING, as well as their overall commitment to providing a world-class living experience for which Venterra has become known.
“The Harrison offers an opportunity for Venterra to establish a presence in Sandy Springs, which expands our holdings in the Atlanta Metro area,” said John Foresi, CEO of Venterra Realty. “The area offers a fantastic location in a developing suburb of Atlanta, with about 300,000 jobs within a 5-mile radius, and an affordable cost of living,” added Andrew Stewart, Chairman of Venterra Realty.

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