Latest Breaking News On - Watermark residential completes disposition - Page 1 : comparemela.com

DENVER, CO - Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation s leading multifamily developers, announced the sale of Watermark at First Creek, a 264-unit Class A multifamily community in Denver. California-based Borello Asset Management, Inc. bought the property for $74.65 million. Denver has been one of the fastest growing areas in the nation for more than a decade, said Josh Purvis, managing partner with Watermark. This population growth, combined with a lack of affordable single family housing has created strong investor demand and skyrocketing multifamily values. With Watermark s commitment to building communities based on style, convenience and luxury, it s no surprise that Watermark at First Creek was especially attractive to investors.

ColoradoUnited statesFirst creekDenverDenver international airportDan woodwardMathew barnettfromDavid potarfJosh purvisBrian southworthDenver borello asset management incWatermark residential completes dispositionUnit classFirst creek apartment communityWatermark residentialThompson thrift