Publicly traded Avalon Bay Communities has purchased the 306-unit Alta Cherry Hills apartment complex in the southern Denver metropolitan area for $95 million.

Bell Fund VI was the seller of the multifamily development at 3650 S. Broadway in Englewood. It is located at the southeast intersection of South Broadway and Hampden Avenue. Residents can entertain in modern kitchens with granite countertops, stainless steel appliances, contemporary fixtures and hard vinyl plank flooring. Amenities include a lounge, state-of-the-art fitness center, resort-style pool, outdoor grilling area, pet spa and more. The property is just minutes from SoBo’s restaurants, River Point shopping center and downtown Denver and is in close proximity to nearby shops and restaurants.

The nearly 11-acre property was formerly known as Alta Cherry Hills, but was renamed Avalon Cherry Hills. The Denver Business Journal reports that the condominium was last sold in 2017 for $78.3 million. It was built in 2016.

The equity REIT company is a member of the S&P 500. It develops, redevelops, acquires and manages apartment communities throughout the United States. As of June 30, the company owned or had a direct or indirect interest in 300 apartment communities containing nearly 91,400 apartments in 12 states and the District of Columbia.

AvalonBay Communities, Inc., an equity REIT, has a long track record of developing, redeveloping, acquiring and managing unique apartment communities in some of the best U.S. markets, delivering superior risk-adjusted returns to shareholders. With equal parts experience and vision, we have built a leadership position rooted in our purpose of creating a better way of life, always focused on creating long-term value.