Sale of 482-unit Waterfield Court Apartments in suburban Denver closed by HFF

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Printer-friendly versionPrinter-friendly versionPDF versionPDF version  DENVER, CO - August 28, 2014 – HFF announced today that it has closed the sale of Waterfield Court, a 482-unit, garden-style multi-housing community in Aurora, Colorado. HFF marketed the property on behalf of the seller. Aragon Holdings, LLC purchased the asset free and clear of existing debt. Waterfield Court is located at 3499 South Uravan Way near the intersection of East Hampden Avenue and South Buckley Road and is situated within proximity of the Denver Tech Center and Southeast Business Corridor, which encompasses more than 34 million square feet of office space. The property was more than 97 percent leased at the time of sale and includes one- and two-bedroom units averaging 792 square feet. Community amenities include two swimming pools, indoor spa, basketball court, clubhouse and pet park. The HFF team representing the seller was led by director Jordan Robbins, associate director Jeff Haag and real estate analyst Jared Buffington. Aragon Holdings is a private real estate investment and fund management company headquartered in Los Angeles, California. Founded in 2008, the firm has since acquired nearly 10,000 apartment units in 10 major metropolitan cities within seven states across the U.S. Aragon’s team is comprised of real estate, fund management and financial professionals that collectively have more than 75 years of experience successfully acquiring, building, developing, financing and operating commercial and residential real estate.  HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff. News Source : Sale of 482-unit Waterfield Court Apartments in suburban Denver closed by HFF
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