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Cross Mountain Capital Acquires Colorado Multifamily Apartment Complex
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DENVER, Feb. 2, 2021 /PRNewswire/ Cross Mountain Capital, a vertically integrated real estate sponsor, manager and investment firm based in the Northeast, completed closing on a 54-unit $8.8 million apartment complex in Colorado, located at 2660 Ingalls street in the up-and-coming Denver suburb of Edgewater. Offerd, an Austin-based Multifamily Acquisitions Firm, acted as a co-sponsor. LaSalle Debt Investors provided the bridge debt.
2660 Ingalls St
The team is partnering with RIO Real Estate as property manager, and over $1 million has been allocated for building improvements, with plans to transform the complex through rebranding, interior updates and the addition of both indoor and outdoor amenities. According to Michael Gilman, Founder and Managing Principal of Cross Mountain Capital,