Denver Business Journal Centerspace, the former Investors Real Estate Trust, has paid $95 million, or $441,860/unit, for the 215-unit Lyra Apartments in Centennial, Colo., about 13 miles south of Denver. The Minot, N.D., REIT purchased the property from its developer, the Doran Group of Bloomington, Minn. The property, at 9641 East Geddes Ave., was completed […]

The post Centerspace Pays $95Mln for Denver-Area Apartment Property appeared first on Commercial Real Estate Direct.