Oak Coast Properties has paid $123.5 million for ArtWalk Apartments at City Center, a best-in-class 438-unit transit-oriented apartment community located in Englewood, Colo.
The firm is planning a $4.4 million renovation as part of a continued community value-add investment strategy aimed at enhancing the apartment units and amenities for the region’s renters. With the purchase of ArtWalk Apartments, Oak Coast Properties’ multifamily portfolio now exceeds 4,608 units under management, with over $1 billion in valuation.
A mixed-use community, ArtWalk Apartments includes 15,329 square feet of street-level retail space and amenities. Apartment units average 919 square feet, and the community is currently 95 percent occupied. ArtWalk Apartments features a robust suite of shared amenities including: an onsite business center, conference room and cyber café; highly amenitized clubhouse; swimming pool and spa; courtyard with patio seating; 24-hour fitness center with y
