Colorado

Brickstone

Boulder, Colo. — Brickstone Partners has acquired Kensington Apartments near the University of Colorado Boulder for $71 million. The property offers 163 units one block from the university’s campus, and features shared amenities including a clubhouse, fitness center, indoor swimming pool and an on-site laundry facility. Brickstone plans to begin a comprehensive two-year renovation program imminently, which is set to incorporate upgrades to unit interiors including cabinetry, countertops, appliances, flooring, lighting and plumbing fixtures; extensive enhancements to the property’s shared amenity spaces and clubhouse; refreshed exterior landscaping; and the addition …

0 FacebookTwitterLinkedinEmail

Denver — Cardinal Group Cos. has hired Jacob Kosior as vice president of centralized services. In his new role, Kosior will be responsible for building and implementing the Denver-based company’s centralization platform and sourcing strategic technology partners. Centralized services allow onsite teams to prioritize and focus on the residential experience while removing geographic barriers for acquiring talent, according to Cardinal. “We believe that the key to a successful centralization strategy is to have a people over technology focus,” says CEO Alex O’Brien. “We love Jacob’s obsession with the resident experience …

0 FacebookTwitterLinkedinEmail
Joe-Goodwin

Denver — Yugo has named Joe Goodwin senior vice president of U.S. operations. In his new role, Goodwin will focus on operational performance, taking an active role in U.S. transaction activity and business development, while working with key partners to support the Denver-based company’s student initiatives on sustainability and personal growth. Goodwin has over 18 years of experience in the student housing, multifamily and affordable housing sectors. Most recently, he served as senior vice president of analytics and research with Asset Living. “This is a really exciting time to join …

0 FacebookTwitterLinkedinEmail
The-Social-Fort-Collins-CO

Fort Collins, Colo. — FPA Multifamily has completed the disposition of The Social Fort Collins, a 68-unit student housing community in Fort Collins. A Denver-based private equity group acquired the property for $25.5 million. Constructed in 2021, the property offers 136 beds and is located within walking distance of the Colorado State University campus and Canvas Stadium. Bill Morkes and Craig Stack of Colliers represented the seller in the transaction.

0 FacebookTwitterLinkedinEmail

Denver — Cardinal Group Cos. has recapitalized an eight-property portfolio of student housing communities totaling 5,505 beds. The portfolio consists of mid-rise and garden-style properties located near Tier I universities. Prior to the recapitalization, the portfolio was held in a Cardinal-sponsored fund targeting value-add student housing acquisitions, with Makena Capital Management and The Townsend Group serving as lead investors. Further details on the properties were undisclosed.  “We are pleased to realize this investment for our investors and further expand Cardinal’s portfolio and track record,” says Madison Meier, senior vice president …

0 FacebookTwitterLinkedinEmail

Denver — Yugo has named Simon Leopold global chief financial officer. In his new role, Leopold will lead the Denver-based company’s global finance function and compliance teams while working with key stakeholders to support Yugo’s strategic growth targets, with a focus on both operational performance and profitability.  Leopold has more than 20 years of experience in the real estate and banking sectors. He most recently served as chief financial officer with Taubman Centers and Agree Realty.  “Simon’s appointment is an integral part of Yugo’s future and growth as the business continues …

0 FacebookTwitterLinkedinEmail

Boulder, Colo. — CBRE has arranged the sale of a two-property student housing portfolio located near the University of Colorado, Boulder. Greystar acquired the communities — The Hive 9Seventy and The Hive Baseline — for an undisclosed price. Jaclyn Fitts, William Vonderfecht and Casey Schaefer of CBRE represented the undisclosed seller in the transaction. The Hive 9Seventy is located at 970 28th St. and The Hive Baseline is located at 2726 Moorhead Ave. Both properties are located within walking distance of the university. “Our team is thrilled to represent this …

0 FacebookTwitterLinkedinEmail

Denver, Colo. — Global student housing operator Yugo has appointed Rui Barros to the role of global chief operating officer.  In his new role, Barros will lead the Denver, Colorado-based company’s operations and commercial teams, while working with partners to support student residents. “We are very pleased to welcome Rui to the business,” says Aly El-Bassuni, CEO of Yugo.  “His appointment comes at a time when we are redefining the college living experience for students globally, and his expertise in the hospitality sector and developing brand value strengthens our leadership …

0 FacebookTwitterLinkedinEmail
Aly-Yugo

Denver, Colo. — Global student housing operator Yugo has appointed Aly El-Bassuni to the role of chief executive officer. In his new role, El-Bassuni will lead the Denver-based company with a focus on strategic growth, embedding value and driving global operational performance for stakeholders. El-Bassuni has over 20 years of experience in the hospitality sector. Most recently, he served as COO of Radisson Hotels for the Americas. “I am very pleased to welcome Aly to our business,” says Nicholas Porter, founder and executive chair of Yugo. “His in-depth knowledge of …

0 FacebookTwitterLinkedinEmail
The-Villas-Denver-CO

Denver — A joint venture between Hybridge Capital Management and Productive Capital Associates has purchased The Villas, a student housing property in Denver, from Central Street Capital for $40 million in an off-market transaction. The 360-bed community is located near the Auraria Campus, an educational facility that serves the University of Colorado – Denver, Metropolitan State University and the Community College of Denver. The new ownership plans to completely renovate the property and add amenities including a clubhouse, gym, swimming pool and dog park. The property currently offers three-bedroom units …

0 FacebookTwitterLinkedinEmail