This property’s price per unit was almost 40 percent higher than the market average during the first quarter.
Evergreen Devco has sold Outlook Table Mesa, a 250-unit luxury community located in Wheat Ridge, Colo., for $97 million. FJ Management purchased the asset and Northmarq brokered the deal on behalf of the seller.
Comerica Bank issued a $51.2 million construction loan for the asset in 2022, according to Yardi Matrix data. The property debuted last year.
Located on more than 12 acres at 4051 Clear Creek Drive, the community is roughly 14 miles west of downtown Denver, in a supply-constrained submarket featuring natural parks and trails, as well as several lakes.
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