CBRE Arranges Sale of Newly Built Apartment Community in Highlands Ranch

CBRE has arranged the sale of Aventine Littleton, a 227-unit Class A apartment community in Highlands Ranch, Colorado, to Equity Residential. Century Living, the multifamily division of Century Communities, one of the nation’s largest homebuilders, developed the asset which was delivered in phases between 2023 and 2024.

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

Located at 2503 Primo Rd., the five-building community has a mix of one-, two- and three-bedroom units averaging 1,028 sq. ft. The apartments feature stainless steel appliances, quartz countertops, smart-home technology and managed WiFi, walk-in closets, full size washers and dryers and roller shades. Balconies with views of the mountains and downtown are available in select units.

“This transaction aligns with the ongoing trend of institutional investors shifting their focus away from urban assets and towards high-end properties in desirable suburban locations.” said Terrance Hunt.

Community amenities include a fitness center, lap pool, hot tub, sunroom, outdoor community kitchen, clubhouse, conference room, workspaces, pet spa, storage units, 26 detached garages, 74 attached garages and 328 surface parking spaces.

Aventine Littleton borders some of metro Denver’s most affluent suburbs, including Highlands Ranch and Littleton. The property is within a 20-minute drive of 690,000 jobs from some of Denver’s top employment hubs. Tenants also have access to local retail and entertainment centers like Central Park at Highlands Ranch, Aspen Grove and Highlands Ranch Town Center as well as outdoor recreation options like the High Line Canal Trail System, golf clubs and other parks and trail systems.

About Century Communities

Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—consecutively awarded for a second year—and Newsweek's list of the World's Most Trustworthy Companies 2024. Through its Century Communities, Century Complete, and Century Living brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 17 states and over 45 markets across the U.S., and also offers title, insurance and lending services in select markets through its Parkway Title, IHL Home Insurance Agency, and Inspire Home Loans subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.