Kairoi Residential pays $161m for luxury community in Denver
Kairoi Residential has paid $161 million for Zia Sunnyside Apartments, located at the first light rail station north of Denver in the Sunnyside neighborhood.
The seller of the 434-unit, class A apartment community was Confluence Cos.
“This property is perfectly positioned in a high-growth area with easy access to downtown Denver,” said David Potarf, managing director of investment sales at Walker & Dunlop. “The appeal of Zia Sunnyside is evident, with high-end unit finishes, luxury amenities and a convenient location. The project is a true class A investment, with strong potential for years to come.”
A true transit-oriented development, Zia Sunnyside is directly connected to the 41st and Fox RTD light rail station, the first stop outside the central business district. Extensive unit and community amenities complete the picture of a premier living space, including a CrossFit-inspired fitness center, onsite-yoga classes, two expansive outside courtyard