CBRE Brokers $ 38.5 million sale and acquisition financing for 140 homes in the Hadley apartment community in Thornton, Colorado


DENVER, CO – CBRE has announced the sale for $ 38.5 million of The Hadley Apartments in Thornton, Colorado to RedPeak. Justin Hunt, Andy Hellman, Katie Fergen and Jessica Graham of CBRE’s Denver office represented the seller, Pathfinder Partners. Brady O’Donnell and Jill Haug of CBRE arranged the financing for the acquisition on behalf of RedPeak.

“The Hadley has generated a lot of interest in the market, resulting in a very competitive bidding process. The transaction was completed in just 35 days after contract execution, which represented a significant effort on the part of all parties, ”said Mr. Hellman, senior vice president of CBRE.

Built in 1985, The Hadley has 140 units with one-bedroom and two-bedroom floor plans. Unit size averages 760 square feet. The community has suffered nearly $ 4 million in recent capital improvements and deferred maintenance repairs. Upgrades include new roofs, a parcel locker system, the addition of a fully renovated dog park and clubhouse, fitness center and swimming pool. About two-thirds of the apartment interiors are renovated, leaving the buyer the option of continuing the program of upgrading the remaining units.

The Hadley is located at 501 E. 102nd Ave. in Thornton, with close access to I-25. It is minutes from several large employers, including an 855,000 square foot one. e-commerce distribution center and northern suburban medical center.

About CBRE Group, Inc. CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate investment and services firm (based on revenues of 2020). The company has more than 100,000 employees serving customers in more than 100 countries. CBRE serves a wide range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; evaluation and evaluation; Property rental; strategic advice; real estate sales; mortgage and development services. Please visit our website at www.cbre.com.


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