San Francisco, CA – (December 17, 2018) GID announced today that it has acquired Centric LoHi, a 302 unit apartment community located in the Lower Highlands submarket of Denver. This submarket is home to some of the city’s most popular bars and restaurants and provides easy access to Downtown Denver, the employment hub of the Rocky Mountain Region with over 38 million square feet of office space and total employment exceeding 130,000 jobs.
Completed in 2018, the mid-rise property is comprised of two residential buildings with structured parking and 9,300 square feet of fully leased long-term retail space to two popular restaurants. The community features a swimming pool, fitness center, two clubrooms, a business center, and a rooftop observation deck. Unit features consist of quartz countertops, tile backsplashes, stainless steel appliances, washers and dryers and laminate wood and tile flooring throughout all living areas. Ceiling heights are a minimum of nine feet with eleven foot ceilings in all second floor units.
Matt Stuart, Senior Vice President and Director of Western Region Acquisitions at GID, commented, “Centric is an exceptionally well-located property with so many area restaurants, bars and recreational opportunities within walking distance. The property enjoys tremendous skyline views of the Denver CBD and residents benefit from a short commute to all of the new employment along Platte Street and surrounding Union Station.”