The RMR Group Announces Acquisition Of A Denver Multifamily Property For $70M
Benzinga Newsdesk 2 years ago
M&A
Transaction Represents Initial Residential Investment by RMRThe RMR Group (NASDAQ:RMR) today announced that it has acquired The Ridge at Lowry, a 240-unit garden-style apartment community located at 10000 E. Alameda
Transaction Represents Initial Residential Investment by RMR
The RMR Group (NASDAQ:RMR) today announced that it has acquired The Ridge at Lowry, a 240-unit garden-style apartment community located at 10000 E. Alameda Avenue in Denver, Colorado, for a purchase price of $70.0 million. The property will be rebranded as ARIUM at Lowry under RMR's consumer-focused brand, ARIUM, and will undergo extensive interior and exterior renovations.