Apartment Trends Magazine January 2016 | Page 15

MARKETPLACE anna perry, ara newmark Big Deals in 2015 to set momentum for 2016 T his past year was a year of big deals for metro Denver multifamily with recordsetting sales across all aspects of the market. The “Big Deal” trend began in April, when ARA Newmark sold the 1,206-unit Horizons at Rock Creek for $255 million, the largest price ever paid for a single multifamily asset in metro Denver. In October 2015, Starwood Capital Group announced plans to purchase 23,262 apartments from Equity Residential for approximately $5.4 billion. These 72 communities are dispersed across South Florida, Seattle, Washington D.C., Denver and California. The 18 properties located i