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The RMR Group Announces Acquisition Of A Denver Multifamily Property For $70M

Author: Benzinga Newsdesk | August 01, 2024 05:15pm

Transaction Represents Initial Residential Investment by RMR

The RMR Group (NASDAQ:RMR) today announced that it has acquired The Ridge at Lowry, a 240-unit garden-style apartment community located at 10000 E. Alameda Avenue in Denver, Colorado, for a purchase price of $70.0 million. The property will be rebranded as ARIUM at Lowry under RMR's consumer-focused brand, ARIUM, and will undergo extensive interior and exterior renovations.

Posted In: RMR


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