A partnership between Origin Investments and Aegon Real Assets U.S. has sold The Fletcher Southlands, a 320-unit multi-housing property located in Aurora, Colo. CBRE Investments Advisors was the buyer.
The Fletcher Southlands is a garden-style apartment community that totals 350,700 square feet, sitting on 21.2 acres and consisting of 14 buildings, including a clubhouse. Built in 2001, the property is well-maintained, with the previous owner completing more than $1.4 million in upgrades to the common spaces and 59 percent of units, offering value-add opportunity for the buyer to continue renovating the property.
The property includes one-, two-, three- and four-bedroom floorplan options and features various community amenities, including a heated year-round outdoor pool, coffee bar with coworking spaces, lounge areas, sun deck, picnic and barbecue area, playground, fitness center, indoor game room, basketball court, fire pit area, and dog park and pet washing station.
