MGL Partners has plans to develop Fitzsimons Apartments, a 355-unit, garden-style, class A multifamily development in Aurora, Colo.
JLL Capital Markets arranged $95 million in debt and equity for the construction of Fitzsimons Apartments. An institutional insurance company was selected as the equity limited partner, sharing MGL’s vision for the site.
“Fitzsimons Apartments will serve the nearby medical community exceptionally well, providing much-needed attainable, luxury housing near the medical campus,” said Mark Erland, a managing director on the JLL Capital Markets Advisory Team representing the borrower.
Consisting of eight, three-story residential buildings, Fitzsimons Apartments will feature studio, one-, two- and three-bedroom units. The medical-focused programming package features HEPA air filters, blackout curtains, touchless faucets, quartz countertops, in-unit washers and dryers, nine-foot ceilings, walk-in closets, stainless steel appliances,
