Back to top

Advenir Aquires Cherry Creek North (formally Villas at Parker)

Feb 05, 2016

 


PROPERTY DETAILS
• Units: 345
• Year Built: 1972
• Acquired: January, 2016
• Financing: Freddie Mac; 7 year cap arm; 3 years of interest only
• Average Unit: 724 Square Feet
• Year 1 Cash Yield: 13.29%
Advenir, a premier provider of multi-family real estate investment and management
services, has acquired Villas at Parker, a 345 apartment community located in Denver,
CO. Advenir will re brand the property as Advenir at Cherry Creek North, and will
implement a significant capital improvement program to achieve greater rental premiums.

----------------------------------------------------------------------------------------------------------------------------------------------------------
Founded in 1996, Advenir, Inc. is a Real Estate Investment Company headquartered in Aventura, Florida
(Miami-Dade). Advenir acquires and operates multi-family rental communities throughout the United States, on
behalf of high net worth and institutional investors. Since inception, Advenir has owned and operated more than
16,000 apartment units valued over $2.0 Billion. Our current portfolio consists of 8,400 apartment units valued at
more than $1.2 Billion. In addition to Advenir, Inc., Advenir has a Property Management Company with 255
employees and regional offices in Florida, Texas, and Colorado; and a Construction Management Company focused
on multifamily development and rehabilitation.

Contact Us