Bell Partners sells a multi-housing property in Denver for $154m

Bell Partners has sold the Bell Summit at Flatirons, a multi-housing property located in Broomfield, Colo., one of the fastest-growing suburbs in the Denver metro area.

An affiliate of Treeline Multifamily Partners paid $154.05 million.

Bell Summit at Flatirons was built in 2004 and consists of 500 one- and two-bedroom units offering spacious floorplans. In 2016, the property underwent more than $13 million in unit and common area renovations, including upgrading units with stainless-steel appliances, new vinyl plank flooring, quartz counters, new lighting, repainted hallways, relocation of the fitness center and yoga studio, along with upgraded equipment and bike storage. Additional community amenities include a business lounge, resort-style pool and jacuzzi, barbecue areas, and resident lounge and courtyard.

The property is located at 210 Summit Blvd. in the affluent suburb of Broomfield, which has become a key driver of the Denver metro area’s labor force.