CBRE Secures Financing for Del Arte Townhomes in Aurora

CBRE has arranged a $15.44 million loan for Stratford Partners to purchase the 94-unit Del Arte Townhomes in Aurora, Colo.

Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke with CBRE Capital Markets' Debt and Structured Finance team secured a five-year, interest-only Agency loan. CBRE's Shane Ozment, Terrance Hunt, Andy Hellman and Justin Hunt in Denver facilitated the sale of the community.

"Given the scarcity of similar products in the surrounding area, Del Arte Townhomes is well positioned to be a strong investment for years to come," said Mr. Peterson, vice chairman at CBRE.

The community is located at 11135 East Alameda Avenue in southwest Aurora. Del Arte Townhomes's convenient location, connected to the greater Denver metro area, provides residents access to top employers and an abundance of amenities.

Built in 2001, the property has eight two-story buildings across 6.57 acres. The 94 townhomes average 1,096 sq. ft. and are either one- or two-bedroom floorplans. Each unit features washers and dryers and attached garages.

Stratford Partners is a private real estate investment company exclusively focused on the acquisition of multi-housing assets in the major metros of the West Coast. Stratford operates over 1,000 units across nine buildings in multiple submarkets throughout Colorado. The acquisition of Del Arte Townhomes will expand Stratford's footprint across the state.