The Bascom Group, in partnership with Artemis Real Estate Partners, has announced the acquisition of an active adult community in Colorado. Built in 2019, Avenida Lakewood comprises 230 units and sits on six acres in the city of Lakewood (Denver MSA). The resort-like community features a plethora of amenities such as a clubhouse, game room, arts studio, theater, salon, pool, spa, fitness and yoga studios, gardening plots, a sky lounge, electric vehicle charging stations and a pet park. Units comprise luxury features such as quartz countertops, stainless steel appliances, oversized cabinetry, custom lighting and faux wood flooring.
Ryan Maconachy and Courtney Crowder of Newmark brokered the transaction. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors arranged debt financing for the acquisition from Santander Bank. Apartment Management Consultants will operate the community.
