DENVER, Nov. 18,
2024 /PRNewswire/ -- Thompson Thrift, a
full-service nationally recognized real estate company, announced
today the sale of Citadel at Castle Pines, a 214-unit, Class A
multifamily community in the Denver suburb of Castle Pines to an
undisclosed buyer. Matt Barnett,
Jake Young and Taylor Payne of Walker & Dunlop brokered the
sale.
"Citadel at Castle Pines was developed due to the impressive
rental market in Castle Pines where our comparable communities have
high occupancy rates," said Josh
Purvis, managing partner for Thompson Thrift Residential.
"This transaction marks yet another developmental success story
under our belts. We take great pride in providing excellent returns
for our investment partners while delivering high-quality
communities to our residents."
Located at 353 Edge View Circle along Interstate 25 between
Lone Tree and Castle Rock, the 20-acre community offers 154
one- and two-story paired villa-style homes and 60 three-story
townhomes. Completed in December
2023, the luxury one-, two-, three- and four-bedroom
apartment homes feature designer interiors, quartz countertops,
stainless steel and energy-efficient appliances, attached garages,
full-size washers and dryers, and much more.
Residents are treated to resort-style amenities including a
resident social lounge, pickleball courts, 24/7 fully equipped
fitness center, resort-style pool and spa, poolside cabanas and
grills, dog park, dog spa and more. The community is less than 10
minutes from Southeast Denver's
leading retail region, with more than 16 million square feet of
retail within seven miles.
Thompson Thrift is a full-service real estate development
company focused on ground-up commercial and mixed-use development
across the Midwest, Southeast and Southwest. Since its founding
more than 30 years ago, Thompson Thrift has invested more than
$6 billion into local communities and
has become known as a trusted partner committed to developing
high-quality, attractive commercial and multifamily
communities.
About Thompson Thrift Real Estate Company
Thompson
Thrift is an integrated full-service real estate company with
offices in Indianapolis and
Terre Haute, Indiana; Denver; Houston and Phoenix. Three business units drive Thompson
Thrift's success—Thompson Thrift Residential which is focused on
upscale Class A multifamily communities and luxury leased homes,
Thompson Thrift Commercial which is focused on ground-up commercial
development, and Thompson Thrift Construction, a full-service
construction company. Through these business units, Thompson Thrift
is engaged in all aspects of development, construction, leasing,
and management of quality commercial real estate projects across
the country. The company earned national recognition as a winner of
a 2023 Top Workplaces USA award,
the latest accolade that reflects the company's ongoing commitment
to excellence in the community and workplace. For more information,
please visit www.thompsonthrift.com.
Contact:
Jennifer
Franklin
Spotlight Marketing Communications
949.427.1385
jennifer@spotlightmarcom.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/thompson-thrift-sells-citadel-at-castle-pines-near-denver-302309003.html
SOURCE Thompson Thrift