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8/22/24
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Stratford Partners has acquired Del Arte Townhomes, a 94-unit res community in Aurora, CO. The deal was financed with a $15.44 mil acquisition loan.
The community is located at 11135 East Alameda Avenue in southwest Aurora. Del Arte Townhomes's convenient location, connected to the greater Denver metro area, provides residents access to top employers and an abundance of amenities.
Built in 2001, the property has eight two-story buildings across 6.57 acres. The townhomes average 1.1k sf in size and are either one- or two-bedroom floorplans. Each unit features washers and dryers and attached garages.
Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke with CBRE Capital Markets' Debt and Structured Finance team secured a five-year, interest-only agency loan. CBRE's Shane Ozment, Terrance Hunt, Andy Hellman and Justin Hunt in Denver facilitated the sale of the community.
Stratford Partners is a private real estate investment company exclusively focused on the acquisition of multi-housing assets in the major metros of the West Coast. Stratford operates over 1,000 units across nine buildings in multiple submarkets throughout Colorado. The acquisition of Del Arte Townhomes will expand Stratford's footprint across the state.
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