NEWPORT BEACH, CA and LAKEWOOD, CO, Aug 02, 2012 (MARKETWIRE via COMTEX) –
MIG Real Estate, LLC, a Newport Beach, California-based real estate
investment company, acquired two properties in the Lakewood submarket
of Denver, The Hamptons, a 312-unit residential community, and The
Huntington, a 288-unit residential community. The purchases are the
fifth and sixth acquisitions for MIG Real Estate in Colorado.
The Hamptons is located at 8507 West Hampden Avenue in Lakewood. The
property amenities include a modern clubhouse, two pools, a
year-round spa, tennis and basketball courts, an internet cafe, and
detached garages.
The Huntington is located at 8223 West Floyd Avenue in Lakewood. The
property has a clubhouse with a pool, year-round spa, tennis courts,
and 24-hour fitness center. The Huntington is adjacent to a city park
and open space.
Both properties offer easy access to I-25 and C-470. They are 20
minutes from downtown Denver and 15 minutes from the Denver Tech
Center; and are also serviced by the RTD Park and Ride. Outdoor
enthusiasts living in either location are near the mountains and will
be able to enjoy hiking and mountain biking.
The Lakewood submarket is home to the Denver Federal Center, Saint
Anthony’s Hospital and several major employers including Lockheed
Martin, American Facility Maintenance and Ludvik Electric Company, as
well as many local and regional retailers.
“Denver’s excellent demographic and job growth trends, coupled with
limited new supply in the western submarkets, are expected to result
in strong performance at the properties,” said Greg Merage, Chief
Executive Officer of MIG Real Estate.
Dan Woodward, David Potarf, Tyler Anderson, and Sean Cunningham of
CBRE, Inc. represented the seller in the transaction. MIG Real Estate
represented itself. Alliance Residential, a national multifamily
operator, will manage the property for MIG.
MIG Real Estate has continued to expand its portfolio into growth
markets since 2009. Its strategic plan focuses on well-located
properties with a “value-add” component. The company has completed
nearly $600 million in acquisitions in the past three years through
direct acquisitions of office, retail, hotel and multi-family
properties in major markets principally throughout the western
states. For more information, please visit
www.migcap.com .
Contact:
Jamie Rudolph / Kira Sarkisian
Idea Hall
714-263-8748 / 714-263-8729
jamie@ideahall.com / kira@ideahall.com
SOURCE: MIG Real Estate
mailto:jamie@ideahall.com
mailto:kira@ideahall.com
Copyright 2012 Marketwire, Inc., All rights reserved.
Article source: http://www.marketwatch.com/story/mig-real-estate-continues-expansion-into-colorado-with-purchase-of-two-multi-family-properties-2012-08-02
