Walker & Dunlop Arranges Sale of $161 Million Luxury Community in Denver

Rhea-AI Summary

Walker & Dunlop arranges the sale of Zia Sunnyside Apartments for $161 million. The property is a 434-unit Class A apartment community located in Denver. The sale was arranged by the Walker & Dunlop Denver Investment Sales team.

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• The sale of Zia Sunnyside Apartments for $161 million indicates a strong demand for Class A apartment communities in Denver.

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• None.

BETHESDA, Md.--(BUSINESS WIRE)-- Walker & Dunlop, Inc. announced today that it arranged the sale of Zia Sunnyside Apartments for $161,000,000. The property is a 434-unit, Class A apartment community, conveniently located at the first light rail station north of Denver in the Sunnyside neighborhood.

Zia Sunnyside Apartments (Photo: Business Wire)

The Walker & Dunlop Denver Investment Sales team, led by Dan Woodward, David Potarf, Matt Barnett, and Jake Young, arranged the sale on behalf of the buyer, Kairoi Residential, and the seller, Confluence Companies, Inc.

“This property is perfectly positioned in a high-growth area with easy access to downtown Denver,” said David Potarf, managing director of Investment Sales at Walker & Dunlop. “The appeal of Zia Sunnyside is evident, with high-end unit finishes, luxury amenities and a convenient location. The project is a true Class A investment, with strong potential for years to come.”

A true transit-oriented development, Zia Sunnyside is directly connected to the 41st and Fox RTD light rail station, the first stop outside the central business district. Extensive unit and community amenities complete the picture of a premier living space, including a cross-fit-inspired fitness center, onsite-yoga classes, two expansive outside courtyards, a pool deck overlooking the skyline, multiple social lounges, work-from-home-areas, and more.

Walker & Dunlop is a leader in multifamily property sales, having completed nearly $20 billion in property sales volume in 2022. The firm is also one of the top providers of capital to the U.S. multifamily market. Over the same period, Walker & Dunlop originated $44 billion in debt financing volume, including lending over $36 billion for multifamily properties. To learn more about our capabilities and financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States. Our ideas and capital create communities where people live, work, shop, and play. The diversity of our people, breadth of our brand and technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231025956001/en/

Investors:

Kelsey Duffey

Investor Relations

Phone 301.202.3207

investorrelations@walkeranddunlop.com

Media:

Nina H. von Waldegg

VP, Public Relations

Phone 301.564.3291

info@walkeranddunlop.com

Source: Walker & Dunlop, Inc.

FAQ

Who arranged the sale of Zia Sunnyside Apartments?

The sale was arranged by the Walker & Dunlop Denver Investment Sales team.

What is the sale price of Zia Sunnyside Apartments?

Zia Sunnyside Apartments was sold for $161 million.

Where is Zia Sunnyside Apartments located?

Zia Sunnyside Apartments is located in Denver.

What type of property is Zia Sunnyside Apartments?

Zia Sunnyside Apartments is a 434-unit Class A apartment community.

Who was the buyer and seller of Zia Sunnyside Apartments?

The buyer was Kairoi Residential and the seller was Confluence Companies, Inc.