WALNUT CREEK, CA - Sequoia announces the acquisition of The Parc at Greenwood Village, a 248-unit, garden-style apartment community located in Greenwood Village, Colorado. Built in 2015, The Parc comprises over 244,000 residential square feet situated on 8+ acres. This acquisition increases the firm's portfolio holdings to 14,173 units across 55 communities.
The Parc at Greenwood Village is centrally located within the desirable Denver Tech Center (DTC) area which boasts a wide variety of employers, fine dining, shopping, and a top-rated school district. Downtown Denver is only a short commute utilizing the nearby I-25 freeway or via the light rail at Orchard Station, which is only a 5-minute walk from the community. The executive team voiced their excitement in establishing this new opportunity, “Over the last few years we have researched the Denver market, patiently searching for the right asset which would strengthen Sequoia’s portfolio. We are ecstatic to have found The Parc at Greenwood Village. This community adds exceptional value for our investors and will exceed the expectation of today’s renter’s due to its location in the highly sought-after Denver Tech Center, positioned within the attendance zone for the top-rated Cherry Hill School District, and boasts large, open concept floor plans with high-end finishes. Providing an exceptional customer experience has always been the backbone of Sequoia’s culture; we look forward to serving the Denver market and know that The Parc at Greenwood Village will continue in this legacy.” Sequoia will not only own the asset, but its management arm will provide the day-to-day operational services for the building as well. Sequoia thanks the sellers for the working relationship.
About Sequoia Equities, Inc.
Established in 1986, Sequoia has always remained committed to its mission of striving to make the ordinary a little more special by inspiring our employees and creating communities where people can expect more out of everyday life. Over 25,000 residents come home to a Sequoia community at the end of the day. Offering more than just great locations and comfortable residences, each community is managed by a team of professionals dedicated to creating customer experiences that are consistently memorable and truly referral worthy.