Centennial Place Apartments and Foothills Apartments portfolio sale.
Loveland & Greeley, CO (June 24th, 2021)
1200-1260 28th Ave., Greeley, CO (Centennial Place Apartments)
1600 Dotsero, 1601 N. Van Buren & 1903-1921 W. 15th, Loveland, CO (Foothills Apartments)
Neil Littmann and Jessica Cashmore, of The Colorado Group Inc. recently represented the Seller, of Centennial Place Apartments and Foothills Apartments in Northern Colorado. The two-property apartment portfolio totaled 145 units (82 units at Centennial and 63 units at Foothills) and sold for a combined price of $23,500,000.
“Stratford Partners’ is excited to be the new owners of Foothills and Centennial Place Apartments. Both assets are well located in growing markets and have been impeccably maintained throughout their long-term ownership. The transaction was smooth from start to finish thanks to the brokers at The Colorado Group, Neil Littmann and Jessica Cashmore.” -Stratford Partners Managing Principal, Jesse Wilson
“We are thrilled to have had the opportunity to represent the Sellers in the sales of Centennial Place Apartments and Foothills Apartments, which have been continuously owned and operated since 1984 and 1976 respectively”, said Neil Littmann of The Colorado Group, Inc. “The Buyer, Stratford Partners, was incredible to work and I am confident that they will successfully operate the properties well into the future”. Co-brokering the transaction was Jessica Cashmore with The Colorado Group, who stated “while it was an incredible run for the Sellers, the time was right to pass the baton…and Stratford was the perfect buyer”.
~Neil Littmann – Principal/Broker Associate with The Colorado Group, Inc.
~Jessica Cashmore – Principal/Broker Associate with The Colorado Group, Inc.