DENVER, CO – A 382-unit multifamily community, located at the gateway to Denver’s flourishing West Colfax corridor and in the shadow of the city’s iconic football stadium, has been sold by San Antonio-based Embrey Partners to an undisclosed buyer.
“Luxe at Mile High is truly a signature development for Embrey and for the area,” said Garrett Karam, Chief Investment Officer for Embrey.
Featuring one- and two-bedroom apartments, Luxe at Mile High provides spacious units, best-in-class amenities, and upscale unit finishes and appliance packages. Luxe at Mile High is within walking distance to RTD’s Knox Light Rail Station, shopping, parks and residential neighborhoods.
“Luxe at Mile High is a special project in a special place,” said Jimmy McCloskey, Executive Vice President, Development for Embrey, who oversaw the development process. “From land acquisition to concept to construction, Embrey saw this as a defining project for the submarket and we were delighted to have the opportunity to bring the concept to reality.”
The sale transaction was handled by Newmark Knight Frank Multifamily.
San Antonio-based Embrey Partners is a diversified real estate investment company that owns, develops, builds and manages market-rate multifamily and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed more than 39,000 apartments and over 6 million square feet of commercial property. Embrey is one of the leading developers in the multifamily sector, with approximately 6,000 units under construction or in development.

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MAITLAND, FL – KETTLER announced the acquisition of Town Trelago, a 350-unit lakefront garden apartment community located in Maitland, Florida. Construction was completed on the 20-acre community in 2019. Town Trelago was bought by KETTLER on December 11, 2019 and is managed by Pinnacle.
Town Trelago features desirable lifestyle amenities such as a lakeside infinity pool with a jacuzzi and cabanas, a lounge area with fire pits, 24-hour fitness pavilion, outdoor BBQ grill area, game room with billiards, theatre room, and EV charging stations.
“As KETTLER’s second investment in the state of Florida, we are thrilled to buy the unique and stunning apartment community of Town Trelago,” said Cindy Fisher, President of KETTLER. “We would also like to thank our investment partner, Pacific Life, for their continued support and partnership as KETTLER seeks opportunities to develop and buy properties throughout the D.C. Metro area and the Southeast.”
Each unit boasts modern features and finishes, including quartz countertops, stainless steel appliances, tile backsplashes, oversize tubs, vinyl plank flooring, upgraded lighting and hardware packages, and full-size washers and dryers. Town Trelago is located in close proximity to a high concentration of employment opportunities, transportation options, outdoor recreation, and Orlando’s premier indoor sports complex, the RDV Sportsplex Athletic Club.

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JACKSONVILLE, FL – Carter Multifamily (CMF) announced the sale of a 168-unit multifamily property, Peppertree Lane, located at 2800 S. University Blvd. in Jacksonville, Florida for $16.2 million on December 20, 2019. Carter Multifamily bought Peppertree Lane on April 25, 2018, for $12.0 million.
During the 20 months CMF owned and operated the 1971-built community, it substantially renovated 48% of the total units and increased average monthly rents on occupied units. CMF also completed exterior renovations, made enhancements to common areas and added outdoor amenities, including an outdoor kitchen and grilling station. As a result of these renovations and operational improvements, CMF was able to re-position the asset as a premier workforce apartment community in Jacksonville, Florida.
“The disposition of Peppertree Lane exemplifies CMF’s ability to do on its value-add investment strategy to buy Class B/C multifamily assets in high-growth markets with strong demand for workforce housing and sell the improved assets at an accretive return. This transaction marks a milestone for our company and embodies the results we strive to achieve,” said Ray Hutchinson, chief investment officer of CMF.
Carter Multifamily is a real estate company built on over 150 years of real estate experience focused on acquiring established, income-producing Class B/C apartment projects throughout the Southeast U.S.

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