DENVER, CO – The Praedium Group, a New York based national real estate investment firm, announced the acquisition of Legacy on the Promenade in the Westminster/Broomfield submarket of the Denver MSA. Peter Calatozzo, Principal of The Praedium Group, made the announcement of the investment firm’s most recent acquisition.
Constructed in 2018, Legacy on the Promenade is comprised of an elevatored 4-tale building with interior conditioned hallways and a 6-level central parking garage. In addition, there are 24 townhome units with attached 2-car garages. One-, two- and three-bedroom units range from 641 SF to 1,888 SF and include features such as 9 ft to 20 ft ceilings, lakefront views, granite countertops, and stainless-steel appliances. Community amenities include an outdoor lounge, pool and spa, outdoor grill and fire pit station, an expansive two-tale fitness center with a spin and yoga studio, and resident clubhouse and game room.
The Property is conveniently located adjacent to the Denver Boulder Turnpike (U.S. 36), the major thoroughfare connecting Downtown Denver and Boulder, each of which are a 20-minute drive from the Property. The US-36 corridor, which also known as the ‘Silicon Valley of the Rockies,’ boasts the largest concentration of tech office in Colorado.
“The Denver MSA has experienced population and job growth that has exceeded the national average for some time. The Property is located on the border of Broomfield and Westminster, benefiting from simple access to US-36, which puts it in close proximity to one of the fastest growing employment centers in the Denver MSA; an area that has seen job creation in the technology, aerospace, financial services, health and life sciences, and hospitality sectors,” said Mr. Calatozzo. “The buy of Promenade continues our strategy of purchasing high quality properties in growth markets. Over the next several months we intend to rebrand the Property and make several enhancements to the amenity areas.”
The Property sits within walking distance of Westminster Promenade and The Shops at Walnut Creek, which has collectively over 600,000 SF of retail, restaurants and entertainment, and is in close proximity to several grocers and Flatiron Crossings (1.5M SF and the third largest retail center in the Denver MSA). Tenants can also walk to the U.S. 36 Bus Rapid Transit System (BRT).
The 36 Corridor is home to over 20 corporate, national and regional headquarters and several Fortune 500 companies, including Ball Corporation, Oracle, CenturyLink, Trimble, and Vail Resorts. Recent corporate relocations and expansions in the area are expected to make approximately 8,000 new jobs, including Crocs, Partners Group, Trimble and Medtronic. Lindsay Schuckman, Vice President of the Praedium Group, adds, “The Property offers a right live-work-play environment, with walkability to over 600,000 SF of retail and entertainment options, as well as simple access to over 127,000 jobs in the surrounding area.”

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ARLINGTON, VA – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced that it has expanded its presence in the Washington, D.C., metro area by acquiring Vista on Courthouse, a 220-unit multifamily residence located in Arlington, Va. The property will be renamed Bell at Courthouse and will be managed by Bell Partners. The acquisition is Bell Partners’ second acquisition in Arlington this year, following the buy of Bell Arlington Ridge in June.
Built in 2008, Bell at Courthouse is located in the heart of Arlington’s quick-growing Rosslyn-Ballston Corridor and offers small commutes to dozens of major employers in the Corridor as well as Amazon’s HQ2 at National Landing. The neighborhood rates highly in measures of walkability and transit access given its location adjacent to route 50 and the Courthouse Metro station which is three blocks away.
“We are focused on acquiring rental housing communities in high quality locations where we can leverage Bell’s platform to enhance value. The Bell at Courthouse investment fits well within our investment strategy and is a complementary asset to our Washington metro portfolio,” said John Blaylock, Senior Vice President of Investments at Bell Partners. “The Rosslyn-Ballston Corridor is an attractive place to live and work and has projected strong employment growth. We also plot to renovate the amenity spaces and unit interiors to enhance the resident living experience.”
Bell at Courthouse’s amenities include a swimming pool, club room, fitness center and BBQ grilling area. Apartment interiors include washers and dryers, granite countertops, stainless steel furniture, and private balconies. Townhomes have floor-to-ceiling windows and expansive views of the Washington, D.C. monuments.
Including Bell at Courthouse, Bell Partners currently operates 23 apartment communities in the greater Washington, D.C. metro area.

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TAMARAC, FL – ResProp Management was selected to provide full-service property management for Spectra at Tamarac. Previously known as 72 West, ResProp helped facilitate the property’s rebranding to Spectra at Tamarac prior to close in late October. The property is composed of 291 spacious units located in Tamarac, Fl, just North of Ft. Lauderdale.
Spectra at Tamarac offers modern apartment living mixed with a resort-style getaway. The onsite amenities include two large swimming pools with a wading area and spa-inspired features, a state-of-the-art fitness center, outdoor grilling stations, resident clubhouse, and Wi-Fi access.
Luke Leins, Director of Business Development, states, “We are excited to work with Prism Multifamily on their first South Florida asset. Prism is a very resident-centered investor, and we are looking forward to making a positive impact on residents’ lives alongside them.”
With the recent addition of Spectra at Tamarac to the portfolio, ResProp Management now manages more than 6,500 units across Florida. This latest addition was made possible through the partnership with Prism Multifamily Group Inc.

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