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L&G Acquires The Alder Apartments in Parker for $97M
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L&G Acquires The Alder Apartments in Parker for $97M
L&G, a large British asset management company, through its dedicated U.S. Real Estate team, has acquired The Alder apartments, a newly constructed, 300-unit multifamily community in Parker, from Century Living. According to a special warranty deed filed in Douglas County, L&G paid $97.2 million for the property. This acquisition was made on behalf of L&G’s Institutional Retirement business, which will be the sole investor. The deal follows the p…
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