02/20/2020 | DRGinvest, Media Coverage
Denver Realty Group Acquires One-of-a-Kind...
Denver Realty Group, LLC (“DRG”) through its DRGinvest platform acquired a one-of-a-kind Colorado Springs real estate portfolio for approximately $22,000,000.
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Denver Realty Group just closed two apartment complexes, Broadmoor 24 and Plaza 24, totaling 165 units in Norman, Oklahoma.
Broadmoor 24
• Acquisition price of $3,012,750
• 65 units located in a beautiful suburban neighborhood
• Attractive unit mix with unit sizes larger than the competition
• Community amenities include a swimming pool, washer/dryer connections, pet-friendly, and more
Plaza 24
• Acquisition price of $4,635,000
• 100 units located in a beautiful suburban neighborhood
• Attractive unit mix with unit sizes larger than the competition
• Community amenities include a blacktop parking lot, on-site laundry, on-site security, and more
This portfolio marks DRG’s sixth deal in Oklahoma and was acquired well below market value.
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