Commercial real estate firms Hamick Asset Management, Elevate Property Partners, BluSky Equity Partners, and Vista Laguna Asset Management announced the joint acquisition of Fairview Apartments in Aurora, Colorado.
Fairview is a 100-unit apartment complex, originally built in 1974 and renovated in 2018-21, located near Aurora’s City Center. This location makes it a short drive or ride on the light rail to employment options in Downtown Denver, major medical centers along I-225, Buckley Space Force Base, and Denver International Airport.
Fairview’s unit mix of one and two-bedroom apartments and three and four-bedroom townhome units are attractive to families.
Residents at Fairview have access to covered parking, a community vegetable garden, a playground with picnic areas, a dog park, and green space around the property. Interior amenities include ceiling fans and vinyl faux wood flooring with carpeted bedrooms. Select units also have private fenced yards, two-tone paint, stainless steel appliances, built-in microwaves, tile backsplashes, tile or marble bath surrounds, and in-unit washer/dryers.
Combined, the team of Hamick Asset Management, Elevate Property Partners, BluSky Equity Partners, and Vista Laguna Asset Management owns and operates a portfolio of over 1,200 multifamily units worth over $140M across Arizona, Texas, and Michigan – and now Colorado.
Due in part to Hamick Asset Management having been involved with Fairview as a limited partner for the past four years, this team is uniquely positioned to lead the further development of this property.
The new ownership group intends to further improve Fairview’s exterior appearance and amenities, expand the office, and continue a proven template for interior renovations and in-unit washer/dryer installation.