Pacific Urban Investors Expands Denver Portfolio with Acquisition of Viridian Apartment Community in Greenwood Village
PALO ALTO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Multifamily owner-operator and investment manager Pacific Urban Investors ("Pacific") has acquired Viridian, a 420-unit apartment community in Greenwood Village, CO. Viridian (the "Property") is located in the Denver Tech Center, adjacent to thousands of high paying technology, financial services, telecommunications, and aerospace jobs. The acquisition marks Pacific's fourth investment in the Denver market with the firm's regional portfolio now totaling 884 units.
"Viridian is a high-quality asset in an employment centric location with the opportunity to implement select enhancements to the Property, improving the resident experience and yield for our capital partners. The physical plant offers several durable competitive advantages including a large amenity set with a resort style pool and full-size basketball court, a 1.7 stalls per unit parking ratio, and desirable floorplans with ...
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