Inland Real Estate Group has successfully divested Westlink at Oak Station, a residential community located in Lakewood, Colorado. The property was sold for $71.5 million, marking a notable appreciation from its 2016 purchase price of $63 million. The sale highlights continued investor interest in the regional multifamily market. ### Key takeaways \n * Sale price: $71.5 million. \n * Original purchase price (2016): $63 million. \n * Representing brokerage: CBRE’s Denver Multifamily team. \n * Debt financing: Arranged by CBRE’s Debt and Structured Finance group. ### Transaction insights \n The divestment of the Westlink at Oak Station asset represents a strategic move for Inland Real Estate Group. Since acquiring the property in 2016, the firm has seen the asset appreciate by $8.5 million. The deal was brokered by the CBRE Denver Multifamily team, notably led by Shane Ozment and Terrance Hunt. Financial support for the acquisition was provided through the efforts of CBRE’s Debt and Structured Finance group, led by Ryan Greer and Troy Tegeler. ### Property features \n Located specifically at 1665 Pierson St., the community is tailored to modern tenant demands. The property offers various amenities intended to drive resident engagement and convenience, including: \n * Professional-grade fitness center \n * Business center \n * Swimming pool and hot tub \n * Resident clubhouse \n \n This sale underscores the ongoing demand for high-quality residential communities in the Denver metro area, where investors continue to prioritize well-amenitized locations that support long-term value.
