Inland Private Capital sells 480-unit apartment complex in Aurora, Colo.

Inland Private Capital Corp. (IPC) has sold the 480-unit Conifer Creek Apartments in Aurora, Colo. The sales price and new owner were not disclosed.

IPC, through its subsidiary that serves as asset manager, facilitated the sale of the property on behalf of Denver MSA Multifamily II DST, a Delaware statutory trust.

Located at 2205 South Racine Way, Conifer Creek Apartments consists of a mix of townhomes and condominium-style units spread throughout 53 rental buildings, with tuck-under garages in every building. Renovations in May 2019 updated units with new appliances, countertops, hardware, lights and fixtures, flooring, backsplash, and refaced cabinets.

“Conifer Creek Apartments is ideally located in Aurora, the third most populous city in one of the nation’s fastest growing states,” said Keith Lampi, president and chief operating officer of IPC. “We purchased the property in 2017, and through proactive asset management and value-add upgrades, the prop