Vukota Real Estate Acquires Stratford At Lowry Apartments in Denver, Colorado
10 October, 2016
Vukota Real Estate is proud to announce the acquisition of Stratford at Lowry Apartments, a 142-unit garden-style apartment complex located in Denver, Colorado. The transaction closed on September 30, 2016.
Stratford at Lowry is located at 425 Galena Way in Denver, Colorado. The property is situated fifteen minutes fro the DTC Business Corridor. This area is the largest employment center in Metro Denver as it consists of over 40 million square feet of office space and is home to more than 420,000 jobs. Further, the property enjoys high drive-by visibility along Alameda Avenue and Havana Street with a traffic count of ~120,000 vehicles per day.
Stratford at Lowry is situated in the Denver Southeast Central submarket which is considered to be one of the highest future growth potential areas in Metro Denver. Metro Denver was one of the country’s top-performing apartment markets in 2015, and this trend has continued in 2016. As a result of demand, average market rents in Metro Denver have increased 9.4% year-over-year.
The property is also fifteen minutes from Cherry Creek, Denver’s premier shopping district. The Cherry Creek shopping district, including the world-class Cherry Creek Shopping Center, is 26 blocks and consist of more than 500 upscale shops, 50 restaurants, and 35 art galleries and is a top tourist destination in Metro Denver.
Currently, VCM Real Estate and its subsidiaries own/manage over 2,500 apartment units.