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Alpine Prairie Village. Image courtesy of Cushman & Wakefield Cantamar Apartment Associates LLC has bought…

Alpine Prairie Village. Image courtesy of Cushman & Wakefield

Cantamar Apartment Associates LLC has bought Alpine Prairie Village, a newly built Class A community in Longmont, Colo., for $50 million. It was sold by DHI Communities Inc. Cantamar was represented by Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis.

The 126-unit community, which was completed this year and previously dubbed Ascend at Prairie Village, consists of one-, two- and three-bedroom configurations. Amenities include open spaces and private offices, as well as a game lounge, fitness center, outdoor bar and grill, hot tub and pet spa. The units feature quartz countertops and multiple closets.

The property is located at 2205 Alpine St., just off Highway 66 and Main Street and a short drive to the base of the Rocky Mountains. Main Street retail and dining options are nearby, with multiple golf courses and parks also available in the area.

Boosted by strengthening fundamentals, the larger Denver area remains a magnet for both investment and new development. Just last month, Legacy Partners landed a $106 million construction loan for a 13-story community in Denver. Meanwhile, AHV Communities and McWhinney have teamed up to develop almost 500 build-to-rent homes in the area.

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