Sequoia Equities, Inc. Acquires 304-Unit Multifamily Community in Greenwood Village, Colorado

WALNUT CREEK, CA - Sequoia announces the acquisition of Isabella Apartment Homes, a 304-unit, garden-style apartment community located in Greenwood Village, Colorado. Built in 1995, Isabella sits on 18 acres and comprises over 338,706 residential square feet with a net density of 16.89 units per acre.

The community’s makeup consists of 36, 2-3 story residential buildings, a newly renovated leasing office, a modern farmhouse-style clubhouse, and an expansive fitness center. Isabella boasts oversized floor plans with an average unit size of 1,114 sq ft, attached direct access 1-2 car garages, and upgraded interior finishes. Sequoia continues to grow within the Denver metro area, as this is their third community purchased during the calendar year with The Parc at Greenwood Village and Montrachet in Lakewood, representing Sequoia’s additional acquisitions within the market. The addition of Isabella will increase Sequoia’s portfolio holdings to 14,905 units across 58 communities.

The executive team relayed their enthusiasm about welcoming Isabella to the Sequoia family. “Isabella’s prime location and unique “single-family” style architecture makes it feel more like a luxury neighborhood in the Denver Tech Center versus an apartment community. Isabella adds exceptional value for our investors not only because it's a quality product in a premier location, but it's also in the attendance zone for the highly sought-after Cherry Hill School District which is ranked as the fifth-best district overall, including the top-ranked district for student-athletes in the state of Colorado. We are elated to add Isabella to our growing Denver portfolio. Providing an exceptional customer experience has always been the backbone of Sequoia’s culture; we look forward to continuing to serve the Denver community and know that Isabella 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 wishes to thank the sellers, Holland Residential, and their equity partner for working together on this project.

Isabella 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. With easy access to beautiful Cherry Creek State Park and close proximity to some of the area’s largest employers, the community’s location offers plenty of benefits for everyone. Looking towards the future, Sequoia plans to continue growing its portfolio through additional property acquisitions and management deals.

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.