Evergreen Foundation

Evergreen Devco adds Aurora apartments for $46M

Evergreen is anticipated to make further unit renovations – last updated in the 1990s – as well as clubhouse renovations.

Jennifer Hayes

June 22, 2020

Evergreen Development added an Aurora apartment community to its metro Denver portfolio.

It paid $46 million, or $171,641 per unit, for the Turnberry Apartments at Heather Ridge, a 268-unit community, at 2038 S. Vaughn Way.

It was sold by Kevlyn Investments Inc.

“It’s just an amazing location,” John Blackshire of Transwestern said of the community, situated next to the Golf Club at Heather Ridge, Jewell Wetlands Park, Overland High School and Prairie Middle School. “There were a lot of competitive offers.”

Blackshire and Tom Wanberg of Transwestern represented the seller of the 1970s community, which features a mix of one- and two-bedroom units ranging from 665 to 1,090 square feet in three- and four-story buildings as well as two swimming pools. Some units include fireplaces and ceiling fans; the four-story building is served by an elevator….

Read more in the Colorado Real Estate Journal

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