Trion Properties has acquired The View at North Peak, a 288-unit multifamily community in Northglenn, Colo., a suburb of Denver. The mixed-income property was purchased in an off-market transaction for $38 million.
The transaction is Trion’s first acquisition in the Denver market.
“As an experienced owner and operator of apartment communities in the western region, including the Greater Portland, Bay Area, and Los Angeles markets, we recognize Denver as a market with powerful potential for return on investment,” said Max Sharkansky, managing partner at Trion Properties. “Denver benefits from strong employment, an affordable cost of living relative to the very high quality of life the area offers, a pool of sophisticated top talent, and the expansion of several prominent companies. These include Amazon, which recently announced Denver as one of six U.S. tech hubs it’s growing in, and Palantir, which is moving its headquarters to Denver and expects to continue
