Denver, CO
Troubled apartments: Breaking down Denver’s distressed multifamily properties
The Waterford RiNo building at 2797 Wewatta Way was given to a lender in 2025. (BusinessDen file)
Denver’s apartment market is facing headwinds.
BusinessDen scoured county foreclosure records, third-party reports and court filings to determine the area’s apartment buildings that have exhibited signs of financial distress in recent months.
The list below is not necessarily comprehensive, but will be updated when we have more information, or when a particular property’s situation changes.
Foreclosed
2617-2667 W. Evans Ave., Denver
Loan: $14 million
Former owner: JTA1 Real Properties LLC AND JTA4 Real Properties LLC
Unit count: 125
456 S. Ironton St., Aurora
Loan: $25.54
Former owner: HL Lofts LLC/Summit Communities
Unit count: 112
Deed-in-lieu of foreclosure
2797 Wewatta Way, Denver
Loan: $91 million
Former owner: SRGMF III Wewatta Way Denver LLC/Sares Regis Group
Unit count: 301
Foreclosure initiated
1259 Newton St., Denver
Loan: $12.65 million
Owner: AVP Newton Venture LLC/Armada Venture Partners
4510 W. Saint Clair Place, Adams County
Loan: $6.35 million
Owner: 4510 Saint Clair Apartments LLC
2038 South Vaughn Way, Aurora
Loan: $57.15 million
Owner: Arboreta Apts LLC/Summit Communities
Unit count: 268
1433, 1451 and 1463 Macon St., Aurora
Loan: $2.98 million
Owner: West Macon Street LLC
In receivership, not in foreclosure
10101 Washington St., Thornton
Loan: $17.5 million
Owner: Meadows at Town Center LLC/Summit Communities
Units: 104
7500 Dakin St., Adams County
Loan: $49.5 million
Owner: Boulder CR Apts LLC/Summit Communities
Units: 322
Bankrupt
1592 Boston St., Aurora
Loan: $3 million
Owner: 1592 Boston Street LLC/Shaul Gabbay
Unit count: 32
1960 Dallas St., Aurora
Loan: $4.8 million
Owner: 1960 Dallas Street LLC/Shaul Gabbay
Unit count: 32
Denver, CO
Recruit dies during Denver Sheriff Department academy training
DENVER (KDVR) — A recruit has died after participating in physical training at the Denver Sheriff Department Training Academy, officials report.
According to the Denver Sheriff Department, following physical training on Tuesday at the academy, Recruit Dorbor Mulbah “expressed discomfort and became unwell.”
DSD said staff members at the academy began life-saving medical measures on Mulbah.
Upon arrival, the Denver Fire Department and Denver Paramedics continued to provide critical medical attention before Mulbah was taken to the hospital, where he was pronounced dead on Wednesday morning.
DSD provided the following statement in part:
“As a matter of protocol, we have asked the Administrative Investigative Unit to open an inquiry into the matter. We have deployed wellness and mental health resources for the Academy cadre, to include the Recruits.
We ask that the family’s privacy be honored during this difficult time. Thank you for keeping Recruit Mulbah’s family and our Department in your thoughts and prayers.”
DSD said Mulbah was set to graduate from the academy in May.
Denver, CO
Daily Horoscope for April 29, 2026
Moon Alert: There are no restrictions to shopping or important decisions today. The Moon is in LIBRA.
Happy Birthday for Wednesday, April 29, 2026:
You’re confident and determined in your approach to work. You’re reliable, optimistic, incisive and independent. This is a year of learning and teaching. Take time to renew your spiritual or religious beliefs. Explore meditation, prayer or introspection. Study philosophies that give you a better self-awareness of your own potential.
ARIES
(March 21-April 19)
★★★
Today there’s a tendency to jump to conclusions – definitely something to be aware of. In particular, you might experience this when talking with family members, spouses or partners. Take a breath and create some space in the conversation. Go gently. Tonight: Genuinely listen.
TAURUS
(April 20-May 20)
★★★★
Be patient with co-workers today. Likewise, resist the tendency to think something is better than it is. Nevertheless, this is a productive day for you and you can get a lot done, especially privately or working alone behind the scenes. Get busy. Tonight: Get organized.
GEMINI
(May 21-June 20)
★★★
Parents must be patient with their kids today. Likewise, romantic partners must be patient with each other. If you’re involved in social outings and fun escapades (including sports) be careful of excess or going overboard. You might be too quick to jump the gun. Tonight: Socialize!
CANCER
(June 21-July 22)
★★★★
Keep the peace at home today even though dealings with parents and older family members might become challenging. In part, this might be because you’re ambitious and keen to get a lot done. In fact, you want things done your way and won’t hesitate to say so. Tonight: Relax.
LEO
(July 23-Aug. 22)
★★★
On the whole, this is a friendly, upbeat day. Nevertheless, you might get involved in an argument about politics, religion or racial issues. Steer clear of controversy, for your own peace of mind. Instead, enjoy relations with friends and groups. They will be friendly and supportive. Tonight: Learn and discuss.
VIRGO
(Aug. 23-Sept. 22)
★★★★
Steer clear of disputes about money and possessions today, because this is basically a pleasant, friendly day. Others might ask for your advice about how to make something look better or be more attractive. Discussions about further education and travel will intrigue you. Tonight: Check your possessions.
LIBRA
(Sept. 23-Oct. 22)
★★★
The Moon is in your sign today at odds with Jupiter and Mars, which can make you jump too quickly in the wrong direction or make an assumption that is off the mark. Be aware of this and refrain from doing so, if you can. Do something different today. This will please you. Tonight: You’re in charge.
SCORPIO
(Oct. 23-Nov. 21)
★★★
You’re very keen to work hard now and accomplish as much as possible. Unfortunately, you need more sleep. Be aware of this and do your best to balance your desire to work with your need for rest. Romance is passionate now. It’s also a favorable time to get favors and money from others. Ka-ching! Tonight: Privacy.
SAGITTARIUS
(Nov. 22-Dec. 21)
★★★
Friendships are important to you today. However, be careful, because today the Moon is challenged by your own ruler Jupiter, which is why you might be tempted to promise more than you can deliver, especially to a friend, group or organization. Be sensible. Tonight: Friends.
CAPRICORN
(Dec. 22-Jan. 19)
★★★
People notice you today. Be aware of this, especially because some people will know personal details about your private life. Perhaps this is because a public argument might take place. Also be aware that it’s easy to bite off more than you can chew. Don’t volunteer for anything. Tonight: Show respect.
AQUARIUS
(Jan. 20-Feb. 18)
★★★★
Today is full of excitement and high energy. You want to do something different! You want to kick things up a notch. Travel, learning, new places and new faces will satisfy your search for adventure. Steer clear of controversy to avoid arguments. Tonight: Explore and learn.
PISCES
(Feb. 19-March 20)
★★★★
It’s fortunate that you’re particularly skilled with your communications this month because this will allow you to dance delicately around any difficult situation that could turn into an argument, especially about money, shared costs or shared property. Instead, redecorate or entertain at home. Tonight: Check your finances.
BORN TODAY
Actress Michelle Pfeiffer (1958), actress Uma Thurman (1970), actress Kate Mulgrew (1955)
Denver, CO
Re/Max to be sold, headquarters to leave Denver
Re/Max Holdings, the residential real estate firm that has been based in Denver since its 1973 founding, has agreed to be sold.
The Real Brokerage, a publicly traded firm based in Miami, Florida, has agreed to pay $13.80 per share for Re/Max, whose headquarters is at 5075 S. Syracuse St. in the Denver Tech Center.
“The acquisition brings together two complementary business models, uniting Real’s AI-powered, high-growth brokerage platform, proprietary software and vibrant agent community with REMAX’s iconic real estate brand and expansive global franchise network with a presence in more than 120 countries and territories and more than 145,000 agents,” the companies said.
The deal is expected to close in the second half of the year.
The combined company will have 180,000 agents, the companies said. It will be headquartered in Miami, although a joint news release says “significant operations” will remain in Denver.
Shareholders of Re/Max, a real estate brokerage franchisor, will have the option of being paid in cash or receiving 5.15 shares of the combined public company, which will be known as Real ReMax group.
With 20.1 million outstanding shares of Re/Max stock, the $13.80 figure values the company at about $278 million.
In the joint news release, the firms said the deal values Re/Max at $880 million, a figure that includes debt. When the deal closes, the companies said, Real shareholders are expected to own about 59% of the combined company, with Re/Max shareholders owning the remainder.
Tamir Poleg, who leads Real, will serve as CEO of the combined company.
Shares of Re/Max stock closed Friday at $7.99, up 8% year to date but down about 90% from a peak of $67.20 in October 2017.
On Monday, Re/Max shares spiked 24% but only reached $9.94 — well below the $13.80 figure. That suggests some doubt among investors that the deal will come to fruition.
Real Brokerage investors didn’t cheer the announcement. Its shares fell 24% Monday.
Re/Max was founded in 1973 by Dave and Gail Liniger. The company has been led since 2023 by CEO Erik Carlson. At the end of 2025, it had 519 employees, about half of them in the Denver area.
The company had revenue of $291.6 million last year, down from $307 million in 2024, according to a filing with the U.S. Securities and Exchange Commission.
Re/Max has been headquartered on South Syracuse Street in Denver since 2008. The building is owned by Denver-based Kore Investments, which paid $115.2 million in 2018 for the 12-story, 242,000-square-foot structure. At the time, Re/Max leased the entire building, although it subleased multiple floors.
In 2021, Re/Max executives told BusinessDen that the company, which then had about 600 employees, was decreasing the number of floors the company used from nine to five.
Re/Max didn’t respond to a request for comment. The company’s Denver lease is up in about 18 months, a source told BusinessDen. Before Monday’s announcement, the company hired a broker to scout other local office options, with an eye on 75,000 square feet, the source said.
If the deal closes, Re/Max would be the second public company headquarters that Denver has lost so far this year. The first was Palantir, which abruptly moved its headquarters to Florida in February.
Read more from our partner, BusinessDen.
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