Southern Land Company and GTIS Partners Complete Sale of Multifamily and Retail Components of Rêve Boulder

Multifamily and retail units of mixed-use community sell for $151.25 million.

Southern Land Company, a national real estate developer of mixed-use developments and master-planned communities, and financial partner GTIS Partners have completed a sale of the multifamily and retail components of Rêve Boulder, a mixed-use community located in a Qualified Opportunity Zone (QOZ) at 30th & Pearl Streets in Boulder, Colo. Virtú Investments, a multifamily real estate investment firm primarily engaged in the management of apartment properties in the western U.S., purchased the development’s 242 multifamily housing units and 17,500  square feet of retail space from Southern Land Company and GTIS Partners for $151.25 million. The sale closed Thursday, February 25, 2021.

You can now read the full press release at the link below