CBRE Arranges $125.6 Million Sale of 249 Unit Apartment Community on Sloan’s Lake

CBRE has arranged the $125.6 million sale of Raleigh at Sloan’s Lake, a best-in-class 249-unit multifamily community in Denver, Colorado. The property was acquired by Seminole Real Estate Fund, marking one of the most high-profile multifamily transactions in the Denver market this year.

Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the seller, Hines, in the transaction.

Delivered in 2020, Raleigh at Sloan’s Lake is the only multifamily community located directly adjacent to Sloan’s Lake Park and delivers an elevated living experience to residents with spacious studio, one-, and two-bedroom residences averaging 994 sq. ft.

“The sale of Raleigh at Sloan’s Lake reflects the strength and appeal of Denver’s multifamily market,” said Chris Crawford, Senior Managing Director at Hines in Denver. “Its exceptional lakefront location and top-tier design have driven strong resident demand and enabled it to outperform competitors, underscoring the depth of appetite for thoughtfully executed projects in this market.”

Each home is thoughtfully designed with stainless steel appliances, gas ranges, floor-to-ceiling windows, and large walk-in closets. The property also offers a Class A amenity package that includes the Sky Lodge rooftop patio & lounge with panoramic mountain and city views, dining room and full kitchen, along with a resort-style pool and fitness center, co-working spaces, pet spa and more.

"In urban Denver, asset quality and micro-locations have become crucial as peak supply in the first quarter continues to be absorbed,” said CBRE’s Hunt. “The Raleigh at Sloan’s Lake has maintained both strong occupancy and rent growth over the past year. Hines delivered a high-quality asset that has outperformed the market, and the buyer recognized the opportunity to acquire a property that has been stress-tested, demonstrating it will have long-term viability and outsized growth as the market recovers in the next year."

The property also features 4,192 sq. ft. of ground-floor retail, fully leased to Livewell Animal Hospital, adding convenience and value for residents.

Situated on the shores of Sloan’s Lake Park, Denver’s largest lakefront park, the community offers direct access to 177 acres of trails, water sports, and recreation, plus walkable dining and retail options, as well as convenient connectivity to downtown Denver and the Highlands neighborhood.

Raleigh at Sloan’s Lake achieved record pricing in Denver at over $500,000 per unit. The average price-per-unit in Denver in Q3 2025 fell quarter-over-quarter to $278,000, according to CBRE Research.