Greystone Real Estate Advisors closed the sale of Clear Creek Commons, a 45-unit luxury senior apartment community in Golden, CO. The Wolff Company, a real estate private equity firm, acquired the fully occupied property on October 23rd.
Clear Creek Commons is comprised of one and two bedroom apartments with amenities including underground parking, two attached restaurants and scenic views of adjacent Clear Creek and downtown Golden, CO. As new owner, The Wolff Company intends to invest in immediate, substantial renovations to interior and exterior common areas and refurbish residential units upon vacancy.
Cody Tremper, a Managing Director of Greystone Real Estate Advisors, led the sale. “We are seeing increased acquisition interest for age-restricted seniors communities, which offer the baby boomer generation the freedom and flexibility to enjoy an active lifestyle with access to the amenities and support network geared towards an aging population,” said Tremper.
The Greystone Real Estate Advisors team leverages its extensive experience in providing expertise on the disposition or acquisition of seniors housing, including age-restricted communities, independent living, memory care and assisted living facilities. The group is currently working to close the sale of several properties in the age-restricted category.