300-unit Federal Heights community sells for over $50 million
Seattle-based Security Properties has recently reacquired Rosemont West 84th, a 300-unit community in Federal Heights, for a little over $51 million.
Originally purchased in 2017 and sold in 2021 during a period of peak pricing, Security Properties has once again taken ownership of the garden-style community, which offers a variety of living options including studios, lofts, townhomes, and more. Nearly 90% of the units have already been renovated with upgraded finishes and modern features.
Mark Bates, Chief Investment Officer at Security Properties, expressed, “This acquisition highlights our ability to move decisively when we identify opportunities that align with our long-term investment philosophy.”
This acquisition further solidifies Security Properties’ presence in the Denver region, where the company has been active since 2010. Reacquiring Rosemont at a discount from its 2021 sale price and below replacement cost marks the 13th property owned by Security Properties in the Denver metro area.
Despite a softening in overall investor interest in Denver, Security Properties remains optimistic about the market, viewing the acquisition as part of a broader strategy to expand in key growth markets. Bates added, “Even as Denver moves through a period of normalization, its long-term fundamentals remain compelling.”
This latest purchase is the eighth market-rate acquisition for Security Properties in 2025, bringing their year-to-date spending close to $700 million. Located eight miles north of Downtown Denver, Rosemont West 84th provides convenient access to major employment centers in Denver, Boulder, and the Interlocken Business Park via Interstate 25 and U.S. 36.
“We’re dedicated to expanding our presence in Denver with the same strategic approach that has driven our success in the Pacific Northwest.”
Security Properties, a national real estate investment, development, and operating company based in Seattle, has a track record of over 56 years, having acquired or developed more than 120 multifamily assets totaling over 22,000 units.
Stay updated on business news by subscribing to our On The Block newsletter.
