Alvista Towngate - Moreno Valley, CA
December 03, 2014
GlobeSt.com – Phoenix Realty Looks to Growing Rental Market
Phoenix Realty Group recently purchased Chelsea Park Village, a 600-unit multifamily property located at 11850 East Maple Ave. in Aurora, Colorado located in the Denver metropolitan area approximately nine miles east of the city center.
Keith Rosenthal, president of PRG tells GlobeSt.com that the firm’s “sweet spot is middle-income housing like [Chelsea Park Village]. Here, we have an opportunity to be hands-on and make improvements that both benefit our residents and create value over and above market growth.”
“With its close proximity to Highway 225 and the expanded Denver RTD light rail system that will open in 2016, the property is situated in a key area with great potential to meet the expanding needs of the market,” says Rosenthal. “Denver has proven to have a dynamic economy, and this complex provides housing to the area’s growing population in a unique and expansive campus-like setting, distinguishing it from other apartment communities in the area.”
This is an excerpt of the article “Phoenix Realty Looks to Growing Rental Market” which appeared on GlobeSt.com on Dec. 3, 2014.