Security Properties, a real estate investment firm in the Pacific Northwest, has acquired Rosemont West 84th, a 300-unit garden-style community in Federal Heights, Colo., for $51 million.
Located eight miles north of downtown Denver, Rosemont West 84th offers direct access to Interstate 25 and U.S. 36, connecting residents to major employment centers in Denver, Boulder and the Interlocken Business Park. The property includes a mix of studios, one-bedrooms, lofts, two-bedrooms and townhomes, with nearly 90 percent of units already renovated with upgraded finishes and modern features.
Security Properties originally acquired Rosemont in 2017 and sold it in 2021 during a period of peak pricing. Regaining ownership at approximately one-third below its 2021 sale price and more than 50 percent below replacement cost underscores the firm’s disciplined investment approach and ability to act quickly when market conditions create rare, high-value opportunities.
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