CIM has acquired The Lex at Lowry, a 710-unit apartment community set on approximately 26 acres located at 240 S. Monaco Parkway in Denver. The acquisition expands CIM Group’s Denver-area residential portfolio to more than 1,300 units.
Originally built in 1972, The Lex at Lowry comprises 24 buildings totaling approximately 816,261 square feet, a combination of townhome and mid-rise units, and 1,204 parking stalls. The property has a central location between Lowry and Cherry Creek on Denver’s east side. Today the Lowry area is a desirable community featuring a mix of single-family and multifamily housing, a variety of retail and restaurant options, office space, and more than 800 acres of recreational facilities and open space.
“CIM Group’s team has deep experience with well-located, significant multifamily communities in markets across the country, which it brings to the ownership and operations of The Lex at Lowry,” said Shaul Kuba, co-founder and principal
