SUPERIOR, CO—In one of the largest multifamily transactions in Colorado history, Bell Partners Inc., Greensboro NC, has spent about $250 million to acquire the 1,206-unit garden community here that has been known as Horizons at Rock Creek.
The property has been renamed Bell Flatirons and will be managed by Bell Partners. The seller was Simpson Housing LLP, and additional financial terms were not disclosed.
At roughly $250 million, this is the largest multifamily trade in Colorado history, and only three assets have traded at a higher price: Downtown Denver's Wells Fargo Center (aka the “Cash Register Building”), the Flatiron Crossing Mall in Broomfield and Park Meadows Mall in Lone Tree.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
