Aurora, Colo. – Privately held real estate investment firm 29th Street Capital (29SC) has acquired a luxury, garden-style apartment community in Aurora, Colorado for $104 million. The purchase of Peakline at Copperfield marks the firm’s 12th acquisition in the Denver, Colorado metro area and the third in the Aurora submarket.
Peakline at Copperfield, completed just this year, is a 266-unit, Class A+ property that offers thoughtfully planned community spaces and deluxe amenities such as a resort-inspired pool and spa, a state-of-the-art fitness center, and a clubhouse cafe with beer and wine on tap. Peakline offers a unique environment, attracting new residents to one of the fastest-growing neighborhoods in the Denver metropolitan area.
29SC’s in-house property management company, Haven Residential, will oversee management and leasing.
“The luxury standard has been raised at Peakline,” said Rob Gersch, Senior Vice President of Acquisitions for the Rocky Mountain Region at 29SC. “High-end finishes and smart technology packages will allow our residents to feel as though they are living in a custom home, but with all the convenience and amenities of an apartment community."
“Peakline is a terrific addition to our growing catalog of luxury assets,” Gersch continued. “We have had great success in the southeast Aurora submarket and are thrilled to be able to bolt-on another A+ property to our portfolio.”
The Aurora submarket, an attractive location for residents, is home to major employment hubs such as the Southeast Business Corridor, Fitzsimons Medical District and the Buckley Air Force Base. Peakline is in the Cherry Creek School District, which is in the Top 5 in Colorado.
Peakline is in Copperleaf, the largest master-planned community in Arapahoe County. Copperleaf spans over 850 acres and includes 90,000 square feet of retail space. Peakline residents are also a five-minute drive from the Southlands mall and 15 minutes from Park Meadows Mall.
In the last year, 29SC has acquired over 24 multifamily assets across the United States that include over 5,600 units. The firm continues to actively pursue new opportunities.
Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 18 offices nationwide. Its current portfolio consists of more than 17,000 existing units and a development pipeline of over 3,500 units. Learn more about 29SC at www.29thstreetcapital.com.
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