Alvista Towngate - Moreno Valley, CA
October 16, 2015
Denver Business Journal – Westminster Apartment Complex Sells for $72 Million
“We were attracted to both the individual property and the market,” said Keith Rosenthal, president of Phoenix Realty Group, on the firm’s recent acquisition of a 444-unit apartment complex in Westminster, Colorado. “The property itself has well-designed units and amenities, but there was a proven opportunity to upgrade units and therefore increase the value of the property.”
Phoenix Realty Group plans to roll out a capital plan that will focus on renovating individual units with new finishes and appliances.
This is an excerpt of the article “Westminster Apartment Complex Sells for $72 Million” which appeared on Denver Business Journal on Oct. 16, 2015.