Chicago, IL (July 8, 2010) --- Transwestern Investment Company (“Transwestern”) has acquired two multifamily properties, the 225-unit Retreat at City Center in Aurora, Colorado and the 216-unit 210 Watermark in Bradenton, Florida.  These acquisitions were made on behalf of Transwestern Multifamily Partners, L.L.C., a fully-discretionary institutional equity fund dedicated to making multifamily investments across the United States.

Edward Ryder, Managing Director of Transwestern Multifamily Partners, handled the transactions for Transwestern.  “These investments are consistent with our current strategy, which is to acquire well-located, newer vintage assets at meaningful discounts to replacement cost.  We expect both assets to generate a long term income stream for our fund.”

Retreat at City Center Apartments is a Class A asset built in 2003 and located in the city center area of Aurora, Colorado.  The purchase price is approximately 27% below estimated replacement cost.  The property is located near several employment centers, including the Fitzsimons Redevelopment, Buckley Air Force Base and a regional mall.  Located within one-half mile of the property are Macy’s, JCPenney, Old Navy, Super Target, Home Depot, Best Buy, Wal-Mart, Sam’s Club, OfficeMax and Barnes & Noble.  Additionally, a planned extension of the Denver light rail system will include a station stop just two blocks from the property.  The light rail will provide tenants at the property easy access to the Denver Tech Center, Fitzsimons, downtown and the airport.

210 Watermark is a Class A asset also built in 2003 and located along the Manatee River in Bradenton, Florida.  The purchase price is approximately 22% below estimated replacement cost.  The property is one block west of US 41 and is within walking distance of several large employers, including the Manatee Memorial Hospital, Manatee County School Board and Manatee County Courthouse. The property is also surrounded by several medical office buildings and is within a few blocks of the headquarters of Champs Sports and Bealls department stores. Downtown Bradenton is three blocks west of the asset and offers tenants access to restaurants, a marina and other amenities. 

About Transwestern Investment Company 
Transwestern Investment Company, L.L.C. is a principal-oriented, private equity real estate investment firm that pursues domestic, value-added investment strategies through a series of institutional equity fund vehicles.  Since its inception in 1996, the firm has made over 455 office, industrial, retail, multifamily, and mezzanine loan investments nationwide representing a gross investment of $10.9 billion.  The current equity portfolio includes 42 office and 9 retail properties totaling 15 million square feet, as well as 12 multifamily assets with 3,600 units.  Transwestern and its partners, including insurance companies, public and private pension funds, foundations and endowments, banks, corporations, and high net worth individuals and families, have committed nearly $4 billion of equity capital to the firm’s investment activities.  The company currently employs 75 professionals and is based in Chicago with offices in Atlanta, Denver, Houston, Los Angeles, and New York City. 

Back to List