Graceada Partners has acquired The Meridian at Lakewood, a 96-unit, garden-style apartment complex in Lakewood, CO, a western suburb of Denver. The investment is part of Graceada Partners Fund III.
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A virtual, digital, and information-oriented economy comes with consequences: People can work wherever they want and the work they do takes less time because they have the technology aiding every step of the way…
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“The secular shift in how we work, live, and think about our life is opening opportunities in outpost economies around the U.S.,” says Graceada Partners in a new report. These are defined as smaller cities with a quality of life that draws workers who have become untethered from their current living situation or location.
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Ryan Swehla, co-founder and principal at Graceada Partners, discusses how new hybrid work models and shifting attitudes have prompted moves to secondary and tertiary markets with a high quality of life. (01/2022)
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CVS Health is planning to close approximately 300 stores a year for the next three years, prompting the store to lower its end-of-year guidance.
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High Profile: New England Facilities Development News
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The partners acquired the asset in an off-market transaction. The acquisition is an investment from Graceada Partners Fund II and Osso Multifamily I.
The multifamily property, The Edge at Lakewood, was constructed in 1985 and underwent partial renovations between 2019 and 2020. Graceada Partners and Osso Capital intend to implement continued renovations on the property’s clubhouse and fitness facility. The partners will additionally add a pet park and sustainable features.
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Published at Real Estate News TV
Graceada Partners, through its Graceada Partners Fund II, acquired Westlake Apartments, a 148-unit residential community in Sacramento. From what we hear, the deal came in around $23.5 mil ($159k/unit). The property boasts a lakeside location at 1 Shoal Court, near downtown Sacramento in the highly desirable Pocket neighborhood.
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