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Southern California Investor Scoops Up Denver Multifamily Property Near Pricey Neighborhood

Avanath Capital Management Closes on $58 Million Deal for Apartment Complex With Eye on Rent Growth
The Ascent Apartment Homes complex at 8400 Yale Ave. is next to Denver's Cherry Creek neighborhood, one of the most desirable and expensive in the Mile High City. (CoStar)
The Ascent Apartment Homes complex at 8400 Yale Ave. is next to Denver's Cherry Creek neighborhood, one of the most desirable and expensive in the Mile High City. (CoStar)
CoStar News
November 9, 2022 | 10:53 P.M.

A Southern California investment firm is taking a location-first approach to its return to the Denver market, paying $58.1 million for an aging apartment complex near a far pricier neighborhood.

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