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Local owner sells rest of apartment portfolio to New York firm for $30M
Courtesy of Classic Properties of Denver)
A local firm that sold an apartment building to a New York-based company last March has now unloaded the rest of its portfolio to the same buyer.
Classic Properties of Denver received $30 million last month for its four remaining buildings in City Park West, Cap Hill and Cheesman Park, according to public records. The buyer was New York-based Urban American Management.
The specific buildings sold were:
• The three-story Leetonia, which was built in 1930 and has 32 units, at 1510-1515 Vine St. for $9.89 million; ....

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