Northmarq completes $95 million sale of Arista Uptown in Broomfield, Colorado

Arista Uptown

The Denver Northmarq debt/equity team provides financing of $53 million in acquisition financing

DENVER, COLORADO (November 8, 2021) –Dave Martin and Brian Mooney of Northmarq’s Denver investment sales team listed and completed the sale of the Arista Uptown Apartments, a 272-unit multifamily property located at 8500 Arista Place in Broomfield, Colorado. Northmarq represented the seller, Seagate Colorado Partners, LLC. The property was acquired by Kennedy Wilson and the Real Estate business within Goldman Sachs Asset Management (Goldman Sachs).

Completed in 2012, the property is spread across seven acres equidistant to Boulder and Denver and offers residents access to significant community amenities including a resort-style-pool, clubhouse, fitness center and dog park. 

“Arista Uptown meets a critical need for attainable, quality housing in the Denver metro area as residents feel the growing pressure of the high costs of living in city centers,” said Nick Bridges, Managing Director at Kennedy Wilson, who oversees multifamily investments in the region. “We see significant long-term opportunity in adding Arista Uptown to our growing Mountain West portfolio, driven by the region’s sustained population growth, continued influx of tech companies and new development that promises to attract even more jobs to the region. Broomfield and surrounding neighborhoods will continue to benefit as renters look to the suburbs for more space, relative affordability and easy commutes within a vibrant and growing market.”

Arista Uptown is situated within Arista, a 200-acre transit-oriented master planned community located along the U.S. 36 Creative Corridor, one of the fastest-growing tech markets in the United States that is now home to several Fortune 500 companies. Companies including Ball Corp, Crocs, Medtronic and Oracle have all relocated to business parks within a 10-minute drive of Arista. Upon completion, Arista will feature 2,000 residential units, 150,000 square feet of retail, nearly 400,000 square feet of Class-A office space as well as Broomfield’s UCHealth Campus and Children’s Hospital Colorado. 

“This is one of the more dynamic submarkets in the Denver Metro area, and as residents are priced out of neighborhoods closer to downtown, the Broomfield submarket is seeing considerable rent growth, which is particularly true for assets like Arista Uptown” said Martin. “Given their platform and expanding Denver portfolio, Kennedy Wilson is uniquely positioned to take full advantage of the opportunity alongside Goldman Sachs, and we’re excited to see them implement their vision for the asset.”

Northmarq’s Denver debt/equity team of David Link, managing director, and Jeff DeHarty, vice president provided $53 million in acquisition financing on behalf of the borrower through a long-standing life company relationship. The transaction was structured with a floating rate loan. “The challenge for the team in this low cap rate environment is finding lenders willing to accept a lower than typical debt yield. In this case we found a solution that matched borrowers needs with the appropriate life insurance company allowing the borrower to focus on and execute their business plan,” said Link. 

Arista Uptown offers an array of studio, one- and two-bedroom floor plans, featuring 10-foot ceilings, which is quite rare amongst properties of this vintage. What makes Arista Uptown a compelling opportunity is that while prior ownership completed prudent renovations to the resort-quality amenities, none of the unit interiors have been renovated since inception.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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