February 12, 2018

Purchase of 240-unit Luna Bella Apartments in Metro Denver’s Boulder Submarket Increases Buchanan’s Growing Multifamily Investment Portfolio Newport Beach, Calif. and Lafayette, Colo. (February 12, 2018) – Buchanan Street Partners, a Newport Beach, California based real estate investment management firm, has acquired Luna Bella Apartments, a 240-unit multifamily project in the Metro Denver community of Lafayette, Colorado. Buchanan Street purchased the newly-built Class A apartment community from Milestone Development Group for $60.25 million.

Buchanan Street Partners Purchases Recently Completed Luna Bella Community from Milestone A Lafayette apartment complex has sold for $60.25 million to a California firm in the first major apartment sale of the year for the area. Luna Bella, constructed in 2015 by Milestone Development Group, sold to Buchanan Street Partners, for $251,041 per unit.