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Summitt Ridge, a 360 Unit Multifamily Community near the Denver Technology Center, Sells for $22.7 Million

DENVER – Trilogy Real Estate Group, LLC a Chicago-based real estate investment firm, has purchased Summitt Ridge, a 360 unit apartment community located adjacent to the Denver Technological Center (DTC). Moran & Company was the exclusive listing agent with partners, Pamela Koster and David Martin of Moran & Company’s Mountain States office representing the seller, UBS Realty Investors, LLC.

According to Koster, the community enjoys a premier Denver location less than one mile from the interchange of Interstate 25 and Interstate 225 and just north of the DTC. “This property’s location, coupled with its value-add potential down the road, generated strong interest from potential buyers.”

The property is located at 8330 E. Quincy Avenue in Denver, Colo. The community is comprised of 10 three story buildings with 360 units consisting of 210 one-bedroom units and 150 two-bedroom units. Units range in size from 700 to 1,200 square feet. Interior amenities include private balconies/patios, air conditioning, walk in closets and wood burning fireplaces. The leasing center is centralized in a separate building and houses the leasing office, fitness center, clubroom and wet and dry saunas. This building recently received upgrades including new wood flooring in the entrance area and new synthetic flooring in the fitness center. Additional community amenities include an outdoor pool and spa, two tennis courts, and a fenced pet park.

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