Downtown Denver Apartment Building Trades for $110M
Carmel Partners bought The Fitzgerald at 1840 Market St. for $110 million. Greystar was the owner and developer of the 282-unit, 11-story building. The mixed-use building with retail spaces on the ground floor opened in 2022. The purchase price equates to about $390,000 per…
Carmel Partners bought The Fitzgerald at 1840 Market St. for $110 million. Greystar was the owner and developer of the 282-unit, 11-story building. The mixed-use building with retail spaces on the ground floor opened in 2022. The purchase price equates to about $390,000 per…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine commercial real estate transaction involving a downtown Denver apartment building with no novel structure or systemic implications for credit markets.
Sources
Connect CRE
Downtown Denver Apartment Building Trades for $110M
Carmel Partners bought The Fitzgerald at 1840 Market St. for $110 million. Greystar was the owner and developer of the 282-unit, 11-story building. The mixed-use building with retail spaces on the ground floor opened in 2022. The purchase price equates to about $390,000 per…