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, Denver-Area Rental Property Sells for $46M – Robert Khodadadian, Robert Khodadadian

Denver-Area Rental Property Sells for $46M – Robert Khodadadian

Granite Capital Group (GCP) completed the $46 million sale of Enclave Belle Creek, a 167-unit multifamily and townhome community in Henderson, Colorado. A Transwestern Real Estate Services team led by John Blackshire represented GCG in the sale. The transaction was a 1031 exchange. The sales price comes out to about $275,000 per unit.

The property was first acquired by GCG in 2018 and is part of the master-planned Belle Creek community. It is a 10-building complex, built in 2017 and 2018, and is a mix of apartments and townhomes.

“Our limited partners are very happy about the 18%-plus annual return on investment they received,” said GCG’s Bruce Savett.

The post Denver-Area Rental Property Sells for $46M appeared first on Connect CRE.

Granite Capital Group (GCP) completed the $46 million sale of Enclave Belle Creek, a 167-unit multifamily and townhome community in Henderson, Colorado. A Transwestern Real Estate Services team led by John Blackshire represented GCG in the sale. The transaction was a 1031 exchange. The sales price comes out to about $275,000 per unit. The property
The post Denver-Area Rental Property Sells for $46M appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

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