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Gelt pays $145.5M for Lakewood, Colo., apartment complex

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Gelt pays $145.5M for Lakewood, Colo., apartment complex

Gelt Inc. bought the Kallisto at Bear Creek apartment complex in Lakewood, Colo., for $145.5 million, the Denver Business Journal reported, citing public records.

Holland Partner Group's multifamily arm, Holland Residential Group, sold the 472-unit property.

The real estate investment and asset management firm looks to invest $3.5 million in improvements at the complex over the next four years, the publication noted.

JLL represented Gelt and Holland Residential in the transaction.