DENVER, CO – The Broe Group, the Colorado-based, multi-billion-dollar investment group with diversified holdings in rail and real estate, has acquired The Seasons of Cherry Creek. The signature Class A, Cherry Creek multifamily community is The Broe Group’s latest addition to its long-term, family-owned Cherry Creek holdings that include award-winning multifamily communities and an expansive Class A commercial office portfolio.
“For more than four decades, the Broe family and The Broe Group have called Cherry Creek home,” said The Broe Group’s Kiki Broe. “We have grown with Cherry Creek for generations, and we believe deeply in the future of our community. The Seasons of Cherry Creek plays a vital role in Cherry Creek’s long-term housing plan, and we are committed to ensuring that it remains a vibrant, trusted community for generations to come.”
The Seasons of Cherry Creek is a three-building, 530,575 SF complex rising from 5.2 acres along south Ellsworth in the heart of Cherry Creek. Its 587 units are home to nearly 1,000 local residents.
“The Seasons of Cherry Creek is an exceptional living community in a premier location,’ said Broe Real Estate Group Senior Vice President Josh Mesner. “As a Colorado company, we are very committed to our home market and this acquisition will be a legacy project that will serve our local community for years to come.”
Broe Real Estate Group’s acquisition of The Seasons of Cherry Creek marks one of the largest real estate transactions in Cherry Creek history.
“Cherry Creek’s long-term prosperity relies on sustained investment creating quality jobs and quality services,” said Cherry Creek North President and CEO Nick LeMasters. “The Seasons acquisition is a long-term investment in both of these essential areas, and we are thankful for local partners, like the Broe family, who continue to invest in our community’s long-term future.”