Sares Regis Multifamily Fund Value-Add III Acquires 252-unit apartment in Denver, Colorado

August 17th, 2020

On August 17, 2020, SARES•REGIS Multifamily Value-Add Fund III, L.P. (SRMF VA-III) closed on the acquisition of Allure Apartments, a 252-unit Class A- apartment community built in 2002.

Located in the desirable Cherry Creek School District in Denver, Colorado, residents enjoy an abundance of retail amenities, including Lowry, Gardens on Havana, and Cherry Creek, Colorado’s premier shopping destination. The property enjoys easy access to many of Denver’s major employment centers, including the Fitzsimons Medical Campus, Lowry, and the Southeast Business corridor.

Allure offers large one, two, and two-bedroom townhome floorplans which feature numerous windows and natural light, modern 4” granite countertops, upgraded white shaker cabinetry with nickel hardware, and island kitchens in select units. Units have 9’ ceilings, large kitchens, walk-in closets, cozy gas fireplaces, central heat and air conditioning, and full-sized washers and dryers in select units.

Resident amenities include a resort-style swimming pool, 24-hour fitness center with a TRX system, clubhouse with a business center, package center, and a coffee bar. Allure residents also benefit from select units offering detached and attached garages.