Hampden South neighborhood apartment community sells for $91 million

A three-building multi-housing community in Denver’s Hampden South neighborhood has been sold for $91.1 million, according to the city’s Assessor’s Office.

Formerly called The District by Windsor, 6300 E Hampden Avenue, The District at Hampden South was sold by GID, a real estate company based in Boston, to Mesirow Financial, a Chicago-based financial services firm, according to a Tuesday news release from JLL Capital Markets.

“The sale of The District by Windsor demonstrates the continued investor appetite for well-located, value-add multi-housing assets in the Denver metro area,” said Jordan Robbins, senior managing director at JLL, in the news release.

“The property’s strategic location near major employment centers and its potential for unit interior upgrades made it an attractive investment opportunity in today’s market.”

Constructed in 2007, the mid-rise apartment community is situated on a 7-acre plot and features nearly 250,000 square feet of residential space, complemented by 16,622 square feet of commercial space.

The property is also near a King Soopers and transportation like the Belleview Station and RTD Southmoor Station, offering convenient access to shopping centers and major employment hubs, including the Southeast Business Corridor.

According to Denver property records, GID purchased the property for a little over $60 million in January 2008.

With over 60 years of experience, GID manages $30 billion in assets as of Sept. 30, including 57,000 apartment units and 28 million square feet of industrial and commercial space while also offering commercial real estate debt solutions through its credit platform.

With a 95% occupancy rate, The District has 276 units, featuring a selection of studio, one- and two-bedroom apartments, based on their website.

Each unit is equipped with 9-foot ceilings, gourmet kitchens with stainless steel appliances and dark cherry wood or maple cabinetry. Select apartments feature 20-foot cathedral ceilings and gas fireplaces.

The property also provides a range of amenities, including a year-round spa and hot tub, a resort-style swimming pool, a 24-hour fitness center, a resident clubroom and EV charging stations.