#United States #Brighton #Milestone Group #Solaire Apartments #Brighton CO

Milestone Group Expands Its Holdings

The Milestone Group has made a significant move by acquiring Solaire Apartments in Brighton, Colorado, a vibrant suburb of Denver. This community, comprising 252 market-rate units, is poised to enhance Milestone's established portfolio of multifamily assets. Although the purchase price has not been publicly disclosed, Milestone’s Vice President of Acquisitions, Rich Ritter, emphasized that the property was bought at over 25% below replacement costs. This strategic acquisition reflects Milestone’s commitment to growth and efficiency in the real estate sector.

A Growing Community

Located in one of Colorado’s fastest-growing submarkets, Solaire Apartments presents an attractive opportunity due to its ideal positioning and characteristics. With limited new developments in the area, the acquisition aligns perfectly with Milestone's goals of disrupting the market with quality living solutions. Ritter noted that Milestone assumed existing agency debt to facilitate a swift transaction, with no related capital market risks, showcasing the firm's operational expertise.

Property Features

The Solaire Apartments community is thoughtfully designed with sustainability in mind. Residents have access to a variety of one-, two-, and three-bedroom apartments equipped with modern amenities. Situated at 1287 S. 8th Avenue, the apartments also offer proximity to essential shopping, eclectic dining options, and lush green parks ensuring a balanced suburban lifestyle.

Amenities available to residents include:

• - A resort-style pool equipped with a lap lane
• - A 24-hour fitness center for all your health needs
• - A Clubroom with a kitchen and business center for social and professional gatherings
• - A dog park and playground for family needs
• - Beautifully landscaped areas featuring native grass for relaxation

Inside the residences, contemporary features include faux-wood flooring, oversized closets, private balconies, and in-unit washers and dryers. Some units also boast additional luxuries such as fireplaces and exterior storage options, adding comfort and style to everyday living.

About The Milestone Group

Founded in 2003, the Milestone Group is a leading privately held real estate investment management firm. Specializing in value-add multifamily assets across major metropolitan markets in the United States, Milestone has a solid track record of navigating through economic cycles successfully. Managing a portfolio that exceeds $9 billion in multifamily investments encompassing over 90,000 units, the firm has built a reputation of trust and reliability. Their operations span various locations, including substantial offices in Dallas, Texas; Boca Raton, Florida; and Atlanta, Georgia.

Milestone's proactive approach to acquisitions, like the recent Solaire Apartments, strengthens its position in the multifamily market and aligns with its strategic vision moving forward. Interested parties can learn more about their initiatives by visiting their website at www.milestonegp.com.

Conclusion

The acquisition of Solaire Apartments is a testament to Milestone Group’s commitment to enhancing living standards across communities while maintaining financial acumen in property investment strategies. As the demand for quality housing continues to rise in the Denver area, Milestone is well-prepared to meet the needs of its residents while achieving solid performance metrics for its investments.