29th Street Capital sold the Peakline at Copperleaf apartments for $72.5 million, a significant dip from the price the company paid for the property four years ago. The company paid $104 million from the development iin 2022.
Multifamily News reports that the Michelson Organization acquired the property with the help of a $30.6 million five-year Fannie Mae loan.
Located at 4343 S. Picadilly St., it sits just off Picadilly Street and East Quincy Avenue.
Peakline at Copperleaf comprises one-, two- and three-bedroom units, with floorplans ranging from 732 to 1,232 square feet. All units feature private balconies or patios, with direct access garages available in select units.
Common-area amenities at the pet-friendly community include a fitness center, bocce ball court, clubhouse, outdoor kitchen with grilling stations, swimming pool, spa, pet wash and dog park. The property also has some 550 parking spaces at ground level.
The post 29th Street Trades Aurora Apartment Community for $72.5M appeared first on Connect CRE.
​Â
