MIAMI--(BUSINESS WIRE)--Miami-based Fifteen Group has completed the acquisition of Green Leaf at Regis Apartments in Denver, CO for $25.675 million. The property has been renamed The Berkeley at Regis.
Located at the crossroads of the highly desirable Berkeley and Regis neighborhoods in northwest Denver, the 127-unit acquisition is consistent with Fifteen Group's strategy of acquiring well-located, undervalued real estate across all product segments in its target markets of South Florida, Southern California and the Mountain Region.
"This acquisition reflects our belief that path of growth submarkets near the urban core will continue to flourish now and in the long term," said Rick Firmine, a Denver-based Principal of Fifteen Group. "As affordable options for millennials and other renters continue to dwindle, The Berkeley at Regis is very well positioned for sustained growth."
About Fifteen Group
Fifteen Group is a family-owned real estate investment firm based in Miami, Florida. Fifteen Group's investment activities are opportunity-driven, value-added acquisition and development projects. Historically, Fifteen Group concentrated primarily on the multifamily sector, but has evolved to include expertise in the office, retail, mixed-use, industrial, land and residential development sectors. Currently the firm invests in all major real estate asset classes, in real estate secured debt, and in corporate private equity transactions. Fifteen Group (www.fifteengroup.com) also has offices in Denver and Los Angeles.