Origin, Aegon Invest $71M in Denver The 320-unit Advenir at Saddle Rock offers 20 four-bedroom units, a rarity for the area. To improve the 2002-built property, the new owners plan to invest sizable capital.
A partnership between Origin Investments and Aegon Real Assets U.S. has acquired Advenir at Saddle Rock, a 320-unit community in Aurora, Colo. The $71.2 million, off-market transaction marks the first collaboration between the two entities. According to Yardi Matrix data, the new owners assumed three existing loans adding up to
Formerly known as Advenir at Saddle Rock, the property has been renamed The Fletcher Southlands. "We thought this new name better connected with the history and lifestyle of the community", said a spokesperson for the new owner.
The Fletcher released a new rendering of the clubhouse which is a part of some $4.5 million in planned upgrades to the property.