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