An apartment complex in the Ballpark neighborhood has changed hands.
Boulder-based Mountain View Capital purchased the Point 21 complex at 2131 Lawrence St. earlier this month for $84.25 million, according to public records.
The complex has 212 units, according to JLL, which helped the firm acquire financing for the acquisition. That makes the deal worth about $397,500 a unit.
The six-story complex spans an entire side of the 2100 block of Lawrence Street. It features one- and two-bedroom units, ranging from 551 to 1,485 square feet, according to the complex’s website. The cheapest rent advertised on the website as of Monday was $1,525 a month.
The property was sold by South Carolina-based Greystar, which developed the project, completing it in 2014.
Elsewhere in Denver, Mountain View owns the 205-unit Block 32 complex at 3200 Brighton Blvd. in RiNo, which it bought for $43 million in 2014. The firm also owns other apartment buildings along the Front Range.
Greystar, meanwhile, owns numerous apartment buildings in and around Denver. The near Union Station, and has in the Golden Triangle.
