November 11, 2026
DENVER, CO - Avanti Residential, a vertically integrated multifamily investment and management firm, announced it has acquired Park Cheesman Apartments, an 88-unit high-rise at 1177 Race Street in Denver's Cheesman Park neighborhood. The transaction closed on October 27, 2026, at a purchase price of $31.0 million, or approximately $352,273 per unit.
Built in 1970, Park Cheesman is an 11-story Type I concrete tower, the highest grade of residential construction in the submarket. Its 88 residences average 877 square feet and include penthouse units with mountain and downtown skyline views. The...