{"id":170,"date":"2023-01-27T06:15:00","date_gmt":"2023-01-27T06:15:00","guid":{"rendered":"https:\/\/www.peakproperties.biz\/blog\/?p=170"},"modified":"2025-09-12T17:18:32","modified_gmt":"2025-09-12T17:18:32","slug":"new-york-investor-acquires-15unit-apartment-property-in-highly-coveted-denver-neighborhood","status":"publish","type":"post","link":"https:\/\/www.peakproperties.biz\/blog\/2023\/01\/27\/new-york-investor-acquires-15unit-apartment-property-in-highly-coveted-denver-neighborhood\/","title":{"rendered":"New York Investor Acquires 15-Unit Apartment Property in Highly Coveted Denver Neighborhood"},"content":{"rendered":"

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815 East Ellsworth Apartments, a 15-unit apartment property near Cherry Creek Mall, has sold to Ninth Square Real Estate Partners, a New York-based real estate investment company whose partners have over three decades of combined experience generating superior returns for their investors with a track record including $1.5 billion of value-add property investments and developments. A sale price was not disclosed.<\/p>\n

 “Our decision to acquire 815 East Ellsworth during a time when many investors are fearful and on the sidelines because of economic uncertainty reflects Ninth Square’s confidence in the long-term value of Central Denver and our commitment to expanding our multifamily portfolio in the market. We look at 2023 as a buying opportunity,” remarked Ethan Coleman, general partner at Ninth Square.<\/p>\n

Greg Parker, Jason Hornik, Kent Guerin, and Matt Droz, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, Peak Properties, a Chicago-based real estate investment company.<\/p>\n

815 East Ellsworth is a rare opportunity to own a legacy asset in one of Metro Denver’s most highly coveted neighborhoods. A few blocks to bustling south Broadway or Washington Park leave residents plenty of opportunity for a night out or time to get outdoors and explore.<\/p>\n

Since its construction in 1969, the property has undergone significant capital upgrades, including new exterior staircases, double-pane windows, and double-layer drywall throughout, as well as cosmetic upgrades throughout the unit interiors. This asset also includes eight covered parking spaces and seven off-street spaces providing substantial income in an area already pressed for parking.<\/p>\n","protected":false},"excerpt":{"rendered":"

815 East Ellsworth Apartments, a 15-unit apartment property near Cherry Creek Mall, has sold to Ninth Square Real Estate Partners, a New York-based real estate investment company whose partners have over three decades of combined experience generating superior returns for their investors with a track record including $1.5 billion of value-add property investments and developments.… <\/p>\n

Read More <\/span><\/a><\/p>\n","protected":false},"author":30620,"featured_media":280,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[],"class_list":["post-170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-announcements"],"metadata":{"_yoast_wpseo_title":["New York Investor Acquires 15-Unit Apartment Property in Highly Coveted Denver Neighborhood"],"_yoast_wpseo_metakeywords":[""],"_thumbnail_id":["280"],"_pingme":["1"],"_wp_old_date":["2023-01-26"],"_yoast_wpseo_metadesc":["815 East Ellsworth Apartments, a 15-unit apartment property near Cherry Creek Mall, has sold to Ninth Square Real Estate Partners, a New York-based real estate investment company whose partners have over three decades of combined experience generating superior returns for their investors with a track record including $1.5 billion of value-add property investments and developments.\u2026 Read More"]},"yoast_head":"\n