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Quarterra Begins Leasing Denver Apartments Amid Mounting Losses, Potential Portfolio Sale

Rents in Golden Triangle Neighborhood Have Declined More Than 3% on Yearly Basis

Leasing has begun at Quarterra’s 224-unit Kindred apartment complex in Denver’s Golden Triangle neighborhood. (Quarterra)
Leasing has begun at Quarterra’s 224-unit Kindred apartment complex in Denver’s Golden Triangle neighborhood. (Quarterra)

Apartment developer Quarterra has begun leasing units at a downtown Denver high-rise months after its parent, the homebuilder Lennar, scrapped plans to spin off the business amid mounting losses and more recent media reports of plans to put roughly a quarter of its portfolio up for sale.

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