Contact Us
News

Jacobson Buys Southwest Denver Apartment Community

Want to get a jump-start on upcoming deals? Meet the major Denver players at one of our upcoming events!

Jacobson Buys Southwest Denver Apartment Community
Amenities at The Modern include a pool and sun deck.

Los Angeles-based Jacobson Co. has acquired The Modern apartment community in a deal valued at $41.25M.

Built in 1979, The Modern is a 230-unit garden-style community on 8.27 acres at 6301 West Hampden St. in southwest Denver.

“The Modern has a great occupancy history and will continue to perform well due to its high-visibility location along Highway 285,” said CBRE Executive Vice President David Potarf, who, with Matthew Barnett and Jake Young, represented seller Fowler Property Acquisitions of San Francisco.

 

Jacobson Buys Southwest Denver Apartment Community
CBRE First Vice President Jake Young represented Fowler Property Acquisitions in the sale of The Modern.

Amenities include a pool and sun deck, a fitness center, a full basketball court, a TV lounge/clubhouse and on-site management and maintenance with night patrol. The Modern is on the north side of Highway 285 just west of Sheridan Boulevard. Bear Valley Shopping Center, which has a mix of restaurant, grocery and retail services, is 1 mile east of the community.

“The seller had completed a terrific rebranding of the community and renovated 60% of the units with new appliances, flooring, paint, light fixtures and hardware, and resurfaced counters,” Young said.