Avanti Residential Buys 88-Unit Denver Tower for $31.0M
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DENVER – November 05, 2026 -- Avanti Residential closed on the 88-unit Park Cheesman Apartments at 1177 Race Street in Denver for $31.0 million, or about $352,273 per unit, funding the deal by assuming the property's existing long-term, fixed-rate loan from Nationwide Life Insurance Company. The transaction closed on October 27, 2026.
Avanti pairs loan assumption with new Nationwide supplemental debt
Avanti is taking over the existing Nationwide fixed-rate loan and adding new supplemental financing from the same lender. Brian Fisher, Senior Vice President of Debt & Equity at Northmarq, arranged both the assumption and the supplemental loan.