Apartment investment firm Stratford Partners Real Estate of Del Mar has purchased a 254-unit apartment community in suburban Denver for $36.1 million.
The community, known as Prana, was built in 2010 in Lafayette, Colo., according to a statement from the privately held company.
Stratford Partners, founded in 2011 by Andy Crews and Jesse Wilson, acquires and develops multifamily properties primarily in the western United States. The company has acquired nearly $100 million in assets, with another $350 million in investments planned over the next two years.
— SDBJ Staff Report