Denver

The Denver-based company reports that on Oct. 1 it closed a sale-leaseback transaction with Dream Finders Homes on 23 homes across seven states.

The Chicago-based industrial real estate firm states it has commenced phase one of the development, which includes construction of a 555,840-square-foot state-of-the-art logistics center.

SkyHouse Denver also includes 6,650 square feet of street-level retail and parking for 485 vehicles.

The 3,787-unit, Class B portfolio is located around Seattle, Portland, Los Angeles and Denver.

The 1,500-room hotel and convention center located less than 10 minutes from the Denver International Airport and 25 minutes from downtown Denver is expected to begin operations in the fourth quarter of this year.

The portfolio consists of 461 rooms and will be managed by RHG. With the acquisition of the portfolio, Real Hospitality Group increases its portfolio of owned and managed assets to 105 hotels in 16 states.

The deal for the 372-unit building reported by Holliday Fenoglio Fowler, L.P. marks Equity Residential's return to the Denver multifamily sector since its exit in January 2016.

Lone Tree has emerged as Denver's most sought-after enclave in recent years, JLL notes, and as the metro's fastest growing suburb it includes a discerning “renter-by-choice” demographic.