Gelt Bets Big On Suburban Denver With $107M Apartment Buy

In its largest deal by dollar amount in any market, LA-based apartment investor Gelt acquired a two-asset, 580-unit apartment portfolio for $107M in Lakewood, but the acquisition has not sated the company’s appetite. Gelt partner Keith Wasserman said the company plans to acquire an additional $500M in multifamily nationwide over the next 12 months.

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