Security Properties and Tokyu Land US Corporation have purchased Summit Riverside, a multifamily property.
Summit Riverside consists of 248 units spread out across 21 residential buildings near the South Platte River.
Tad Johnson, director at Security Properties, “Summit Riverside is a strong example of one of our primary investment theses, which is to identify desirable and well-located Properties within supply-constrained submarkets. The unique site plan offers an attractive setting for Security Properties to make needed improvements to the physical asset. We are very excited to add Summit Riverside to our greater Denver portfolio and look forward to delivering compelling returns to our investors over our hold.”