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Avalon Bay Communities REIT pays $95 million for the 306-unit Avalon Cherry Hills rental community in Denver


Avalon Bay Communities REIT pays  million for the 306-unit Avalon Cherry Hills rental community in Denver

The buildings feature studio, one-, two- and three-bedroom apartments with rents ranging from $1,365 to $2,682 per month. 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 […]