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Transactions - DECEMBER 27, 2019

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Praedium Group acquires 300 apartment units in Denver submarket

by Andrea Zander

The Praedium Group has acquired Legacy on the Promenade in the Westminster/Broomfield submarket of the Denver MSA.

Constructed in 2018, Legacy on the Promenade is an elevatored four-story building with interior conditioned hallways and a six-level central parking garage. In addition, there are 24 townhome units with attached two-car garages. One-, two- and three-bedroom units range from 641 square feet to 1,888 square feet and include features such as nine-foot to 20-foot ceilings, lakefront views, granite countertops, and stainless-steel appliances. Community amenities include an outdoor lounge, pool and spa, outdoor grill and fire pit station, an expansive two-story fitness center with a spin and yoga studio, and resident clubhouse and game room.

The property is conveniently located adjacent to the Denver Boulder Turnpike (US-36), the major thoroughfare connecting downtown Denver and Boulder, Colo., each of which are a 20-minute drive from the property. The US-36 Cor

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