Boulder, CO (February 10, 2016) – Unique Apartment Group (UAG) is proud to announce the disposition of Lofts on the Hill (LOTH), a mixed-use, retail and student housing property located at 1143 and 1155 13th Street situated on “The Hill” in Boulder, Colorado. Previously listed by two national brokerage firms, UAG successfully listed and sold the Property within a five month period. After receiving multiple offers, the Property sold for $11,325,000 on January 22, 2016.
The recent addition of two retail tenants and the increase in apartment rental rates were instrumental in attracting qualified investors to this excellent opportunity. The Property’s excellent condition, and close proximity to the University and its growing student population were additional features that attracted the Buyer; a current owner of multiple properties in the surrounding area. The acquisition of LOTH was additive to the Buyer’s long-term investment strategy of owning well-located, high-quality student housing [read more]