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TruAmerica Partnership Acquires Cherry Creek Community for $71M

DENVER—The Cherry Creek Club features 441 one-bedroom/one bath and 120 two-bedroom/one bath apartments in nine mid-rise buildings on a 14-acre site.

By David Phillips | Updated on September 25, 2015

DENVER—TruAmerica Multifamily and institutional capital partner Investcorp have acquired a 561-unit apartment home community in Denver’s Cherry Creek submarket for $71 million. This latest acquisition represents TruAmerica’s third joint venture with Investcorp and increases the firm’s Denver portfolio to more than 2,200 units.

With its capital partners, TruAmerica acquires, renovates and repositions mid-tier apartment communities in Western U.S. growth markets, to create higher quality rental housing that is still affordable to renters being priced out of the urban core. 

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