L&G acquires The Alder apartments in Parker for $97.2 million
The Alder, a modern multifamily community in Denver, consisting of 300 units, has been purchased by Legal & General, a renowned global asset management firm, from Century Living for $97.2 million, as per Douglas County records.
The acquisition was completed on behalf of L&G’s Institutional Retirement business, which is the sole investor in this transaction.
“We are excited to include The Alder in our U.S. portfolio, following our other recent acquisitions,” said Alexia Gottschalch, Head of U.S. Real Estate Equity, Asset Management at L&G.
Constructed in 2025, The Alder features one-, two-, and three-bedroom apartments ranging from 550 to 1,429 square feet.
Situated at 15091 Belford Ave. in Parker, a rapidly growing suburb of Denver, the property offers access to major job centers, top-rated schools, as well as nearby shopping and recreational spots, according to L&G.
L&G highlighted the property’s successful lease-up performance and its ability to attract high-quality residents.
Amenities at The Alder include a resort-style pool with tanning deck, lap lane, and spa, a 24-hour gym, yoga studio, outdoor fitness lawn, coworking spaces, resident coffee bar, clubroom, outdoor kitchen, and more.
As a long-term partner, Taurus Investment Holdings will oversee The Alder’s business plan and collaborate with EcoSmart Solution to install solar panels on the property.
L&G, having a minority stake in Taurus, has made The Alder acquisition its fourth multifamily purchase in the last year, following the recent acquisition of Outlook Golden Ridge in Golden.
L&G is committed to expanding its U.S. real estate portfolio in the future.
Established in London in 1836, Legal & General has become a prominent global investor with assets under management exceeding $1.533 trillion, serving various institutional clients and individual investors.
Founded in 1997, Taurus Investment Holdings LLC is a global real estate investment and development firm based in Boston.
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