April 29, 2025
BRIGHTON, CO - The Milestone Group announced the acquisition of Solaire Apartments, a 252-unit, market-rate community in the Denver suburb of Brighton, Colorado. The purchase price was not disclosed.
"Solaire is in one of the fastest-growing submarkets in the region and is an excellent strategic fit to our growing portfolio, acquired at an estimated discount to replacement cost in excess of 25% and located in a submarket characterized by limited new supply," said Milestone Vice President of Acquisitions Rich Ritter. "Milestone assumed the existing agency debt, allowing for a quick...