DENVER, CO - An affiliate of Abacus Capital Group has sold a 254-unit luxury apartment community in Johnstown, Colorado. Built in 2015, The Gateway at 2534 is a 10-building property featuring a mix of one-, two-, and three-bedroom units averaging 965 square feet. Community amenities include a state-of-the-art fitness facility, a bocce ball courtyard, an exterior TV with a fireplace, a hammock garden, a game room, a Jacuzzi, a tanning deck and a resort-style heated saltwater pool.
The Gateway at 2534 sits southeast of the Highway 34 and Interstate 25 intersection, just five miles East of downtown Loveland. It is surrounded by retail and entertainment in the adjacent 3,000-acre Centerra master planned community and offers convenient access to the area’s major employment drivers.
CBRE’s Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented the seller.
Apartment fundamentals in the rapidly growing northern Colorado submarket of Loveland have proven extremely resilient throughout the pandemic, proof that this location will continue to perform at a high level well into the future,” said Mr. Woodward.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.