Del Mar-Based Stratford Partners Real Estate Buys $36.1M Property in Colorado

Stratford Partners Real Estate announced Wednesday that it purchased Prana Apartment Homes for $36.1 million. Stratford Partners, which formed in 2011, has acquired nearly $100 million in multi-family property assets across the West.

The property is a 254-unit apartment complex built in 2010. It is located in the Denver Metro area.

Stratford Partners noted that Denver’s multi-family investment market has kept pace with coastal markets. It said that the Metro Denver area’s multi-family vacancy rate was 4.3 percent on September 30, the lowest rate in more than 10 years.

“Boulder County is not only a great place to live, but it also has some of the best long-term fundamentals in the country from an investment perspective,” said Stratford Partners co-founder Jesse Wilson in an announcement. “Prana is an exciting acquisition for Stratford Partners and we will continue to expand our portfolio in this market.”

Stratford Partners plans to expand its portfolio to an excess of $350 million over the next two years.