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Avanti Residential Acquires Park Cheesman Apartments in Denver

1 report, 1 independent Updated 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Avanti Residential acquired Park Cheesman Apartments, an 88-unit high-rise located in Denver's Cheesman Park neighborhood. The transaction closed on October 27, 2026, for a purchase price of $31.0 million, which averages approximately $352,273 per unit. The property is an 11-story concrete tower built in 1970 and sits near the Denver Botanic Gardens.

From multifamilybiz.com

Why it matters

Some supportBrind's analysis of the reports

The acquisition occurred amid strong renter demand and a sharp pullback in new construction in the area. The property holds a difficult-to-replicate location, as no conventional multifamily property of 20 or more units has been delivered within one mile of the site since 2020.

From multifamilybiz.com

Who's involved

  • DenverThe city where the acquired property is located.
  • Denver Botanic GardensA nonprofit organization located near the acquired property.

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The entities involved

Coverage

Newest first; wire copies grouped