Praedium JV buys Denver apartments.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY: The Praedium Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a New York City-based national real estate investment firm, and San Francisco-based Hamilton Zanze & Company, announced the acquisition of the Mountain View Apartments located in Aurora Aurora, cities, United States Aurora (ərôr`ə, ô–). 1 City (1990 pop. 222,103), Adams and Arapahoe counties, N central Colo., a growing suburb on the east side of Denver; inc. 1903. , Colo., for $30.65 million, or $51,083 per unit. The multi-family property was acquired from United Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Trust, Inc. Omni Apartment Communities, Inc. is managing agent for the property, which is currently 85% occupied. Mountain View is a 600-unit apartment complex with a total of 47 two- and three-story buildings, a swimming pool, clubhouse and leasing office, situated on a 52-acre site. "A substantial capital improvement campaign is planned to improve the physical condition of the asset and augment the existing amenities," said Kurt Houtkooper, acquisition manager of Hamilton Zanze & Company. David Potarf and Dan Woodward of Marcus & Millichap in Denver represented the seller. |
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