Troubled apartments: Breaking down Denver’s distressed multifamily properties

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