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11/07/25
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In one of the most high-profile multifamily transactions in the Denver market this year, Seminole Real Estate Fund acquired Raleigh at Sloan’s Lake, a best-in-class, 249-unit community, for $125.6 mil, or $504k per unit.
Delivered in 2020, Raleigh at Sloan’s Lake is the only multifamily community located directly adjacent to Sloan’s Lake Park. Located at 1650 N Raleigh St, west of I-25, the property offers a mix of spacious studio, one-, and two-bedroom residences averaging 994 sf in size. It also features 4.2k sf of ground-floor retail, fully leased to Livewell Animal Hospital, adding convenience and value for residents.
Situated on the shores of Sloan’s Lake Park, Denver’s largest lakefront park, the community offers direct access to 177 acres of trails, water sports, and recreation, plus walkable dining and retail options, as well as convenient connectivity to downtown Denver and the Highlands neighborhood.
Each home is thoughtfully designed with stainless steel appliances, gas ranges, floor-to-ceiling windows, and large walk-in closets. The property also offers a Class A amenity package that includes the Sky Lodge rooftop patio & lounge with panoramic mountain and city views, dining room and full kitchen, along with a resort-style pool and fitness center, co-working spaces, pet spa and more.
Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the seller, Hines, in the transaction. While Raleigh at Sloan’s Lake achieved record pricing in Denver at over $500k per unit, the average price-per-unit in Denver in Q3 2025 fell quarter-over-quarter to $278k, according to CBRE Research.
“The sale of Raleigh at Sloan’s Lake reflects the strength and appeal of Denver’s multifamily market,” said Chris Crawford, Senior Managing Director at Hines in Denver. “Its exceptional lakefront location and top-tier design have driven strong resident demand and enabled it to outperform competitors, underscoring the depth of appetite for thoughtfully executed projects in this market.”
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