Greystar has acquired the Griffis at Lowry in Denver for $45.8 million from Griffis Residential of Denver. The property has 150 apartment units.
Located at 9649 East 5th Avenue, the community was originally planned as a condominium development, and as a result, amenities like large average unit sizes, full-size in-unit washers and dryers, 9 foot-plus ceiling heights and attached garages in select floorplans.
CBRE's David Potarf, Dan Woodward, Matt Barnett and Jake Young represented the seller in the deal.
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Kelsi Maree Borland
Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
