Highline on Cherry Creek, a 216-unit apartment community in Denver, Colo., has sold to a joint venture for an undisclosed price.

Pacific Coast Capital Partners LLC and locally based Griffis Value Added Fund LLC purchased the property from Englewood, Colo.-based Loup Development Co., who is also the property’s developer.

Built in 2004, Highline on Cherry Creek is a nine-building apartment community situated on an 11-acre site. Located at 8252 East Harvard Ave., the community was 95 percent occupied at the close of escrow and consists of units ranging in size from 736 square feet to 1,207 square feet. The gated community features a fully outfitted clubhouse, fitness center, playground, and a resort-style swimming pool and hot tub with WiFi available pool-side.

According to Gary Melman of Pacific Coast Capital Partners, the property was purchased at a price below replacement cost with upside potential through improved management and a modest upgrade to the property.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription