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ColRich buys Aurora Apartments for $54.5 million

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Got some BIG deals for you this week. Most, of course, having to do with multimillion-dollar apartment building deals in metro Denver. ColRich Multifamily, a division of ColRich, a San Diego-based real estate developer and owner, picked up the 480-apartment Conifer Creek, 2205 S Racine Way, Aurora, for $54.5 million, or $113,541 per unit. ColRich bought the garden-style apartment complex — in a joint venture with Harbert United States Real Estate Fund V L.P., owned by Birmingham, Ala.-based Harbert… Reported by bizjournals 7 hours ago.

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