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AvalonBay widens bet on Denver’s multifamily boom with nearly $137 million deal

Apartment giant closes region’s latest big-ticket acquisition to underscore return of investors
Embrey Partners finished construction on the Encore at Boulevard One apartment complex in Denver’s Lowry area in 2019. (CoStar)
Embrey Partners finished construction on the Encore at Boulevard One apartment complex in Denver’s Lowry area in 2019. (CoStar)
CoStar News
December 19, 2024 | 10:56 P.M.

AvalonBay Communities is adding more fuel to Denver’s apartment investment boom, preparing to close out the year with a nearly $137 million deal for a complex in one of the city’s residential hot spots.

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