Momemtum at First Creek, a 200-unit apartment community located at 5500 Telluride Street in Denver was sold for $56 million, or about $280,000 a unit. The Denver Business Journal reports Peak Capital Partners was the buyer. Before the sale, Massimino Development had the property listed on its website. Massimino developed the rental community.
Completed in 2023, Momentum at First Creek includes amenities such as a pool, outdoor kitchen with a pizza oven, fitness center, and a clubhouse featuring a game room and collaborative workspaces.Â
Colliers Debt and Structured Finance provided the financing for the property on behalf of the buyer.
Craig Stack, Bill Morkes, and Nate Moyer of Colliers’ Denver office represented the seller in the transaction.Â
Find out what still pencils in Phoenix today and be part of the conversation shaping the region’s multifamily, SFR, and BTR landscape going forward. Don’t miss the event where capital leaders, strategy experts, and new opportunities converge on April 8.www.ConnectPHXMF2026.com | Connect Phoenix Multifamily, SFR & BTR | Wednesday, April 8th at The Westin Kierland Resort & Spa, Scottsdale.
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