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Carmel Picks Up Second Denver Rental Asset This Month
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Carmel Partners purchased Edison at RiNo, a 277-unit luxury apartment building at 3063 Brighton Blvd. in Denver. The company paid $76.6 million for the apartment complex.

Clarion was the previous owner. JLL secured Clarion a $60.3 million as part of a refinancing for Edison.

Edison is a nine-story building with ground-floor townhome-style units and high-level amenities including multiple resident lounges, ski and bike storage, a pet wash station, fitness classes and an on-demand chore service option integrated into the property. The property sits on a 1.8-acre parcel. Greystar manages the property. 

Just last month, Carmel bought The Fitzgerald at 1840 Market St. for $110 million.

The post Carmel Picks Up Second Denver Rental Asset This Month appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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