Colt Financing has acquired Broadstone Sterling Ranch, a 332-unit apartment complex in Littleton, Colo., for $121 million. Multihousing News reports that the buyer also took out a $72.6 million Fannie Mae loan originated by CBRE Capital Markets.
Alliance Residential Co. sold the multifamily community for $364,458 per unit. Alliance delivered the property last year using a $66.6 million construction loan issued by Cadence Bank in 2022.Â
Located at 8425 Old Ski Run Circle, Broadstone Sterling Ranch is 22 miles from downtown Denver.
The community encompasses 11 three- and four-story buildings across more than 12 acres. The unit mix comprises studio, one-, two-, and three-bedroom floorplans ranging from 513 to 1,281 square feet. Some units also feature private balconies or patios.
Common-area amenities include a clubhouse, fitness center, swimming pool and spa, and more than 480 parking spaces. The property also has a fireside lounge, coworking and conference space, entertainment kitchen, rooftop lounge and coffee bar, along with EV charging stations.
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