WHEAT RIDGE, CO – Orion Real Estate Partners, based in Los Angeles, has acquired Yukon Court Apartments, a garden-style shared apartment in Wheat Ridge, Colorado. Orion bought the 96-unit residential community and plans to remodel the property with a full exterior and interior renovation.
"We are very excited to add Yukon Court to our growing Denver portfolio," said Orion founder Marc Venegas. "The property is our eighth acquisition in the Denver MSA and our first in the western suburb of Wheat Ridge. The western suburbs of Denver, including Wheat Ridge and Arvada, have proven to be highly desirable residential areas due to their proximity to major employment centers and their convenient location Access to outdoor recreation. "
The Yukon Court Apartments are 15 minutes' drive from downtown Denver and have great access to major employment centers on the West Side, including the Lutheran Medical Center, Denver Federal Center, and Jefferson County Municipal Offices. Additionally, the property is right on the busy commercial corridor of Wadsworth Boulevard and five minutes south of charming Olde Town Arvada.
The Yukon Court Apartments consist of two and three bedroom units in a quiet residential area and include a communal pool, playground and sports field. Orion will undertake a major renovation program that will revitalize the six two-story buildings, upgrade the unit's interior, improve the property's existing recreational facilities, and provide residents with more outdoor space. Orion has selected Denver-based UV Residential to provide property management services and is excited to implement the Urban Village program to engage residents and create a sense of community on the property.
Source: Orion real estate partner