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DENVER, April 29, 2021 /PRNewswire/ -- Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation's leading multifamily developers, announced today the completed sale of Dayton Station, a 63-unit luxury leased townhome community in the coveted Cherry Creek community of Aurora. RedPeak acquired the property for $33.5 million.
"Denver continues to be a difficult market within which to buy a home, and there is an increasing amount of renters-by-choice who want to enjoy the single-family lifestyle without maintenance hassles," said Josh Purvis, managing partner of Watermark Residential. "Our thorough process for identifying markets that are prime for institutional-grade, for-rent communities continues to have us deliver attractive returns to our investors."