Avanti Residential Buys 88-Unit Denver High-Rise Near Cheesman Park
Avanti Residential acquired Park Cheesman, an 88-unit concrete tower at 1177 Race Street, assuming fixed-rate debt and taking over property management.
Denver-based multifamily firm Avanti Residential has acquired Park Cheesman, an 88-unit high-rise apartment building situated along Denver's Cheesman Park neighborhood, the company announced November 4, 2026. The property at 1177 Race Street represents another addition to the owner-operator's growing Colorado portfolio.
The asset is a 1970-era Type I concrete tower, a construction class known for its structural durability and fire resistance. Avanti assumed existing long-term fixed-rate debt as part of the transaction, a financing structure that can offer cost stability in a fluctuating interest rate environment.
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Consistent with its vertically integrated business model, Avanti brought property management in-house upon closing. The firm serves simultaneously as owner, operator, and manager across its portfolio, a strategy designed to give the company direct control over asset performance and tenant experience.
The acquisition underscores continued investor appetite for established multifamily assets in Denver's urban core, where walkable, amenity-rich neighborhoods like Cheesman Park continue to attract renter demand. Avanti's focus on existing concrete construction rather than new development reflects a broader value-add approach common among mid-market apartment investors.
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