Westhills Apartment Homes Westhills Apartment Homes

Los Angeles-based investor Gelt has sold Westhills Apartment Homes, a garden-style apartment community in the Lakewood suburb of Denver. The property traded hands for $92 million.

Built in 1972 and situated on 16.22 acres, the 27-building property offers two studio units, 108 one-bedroom units, and 290 two-bedroom units. Amenities include two outdoor swimming pools, a fitness center, basketball court, dog park, playground, and a clubhouse with a kitchen and a lounge area with WiFi.

David Martin, Pamela Koster and Brian Mooney of JLL represented Gelt in the transaction.

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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.

Denver
Multifamily
Capital Markets