Purchase of Iconic Mixed-Use High-Rise on Sixteenth Street Mall Expands National Presence

NEWTON, MA (July 19, 2018) – Northland Investment Corporation, a member of the National Multifamily Housing Council’s Top Fifty Owners, announced today the acquisition of 1600 Glenarm, an iconic 31-story mixed-use asset in the heart of downtown Denver.  The purchase, Northland’s first in Colorado, expands the company’s national presence to more than 25,000 residential units across ten states.  Northland also acquired a development parcel two blocks from 1600 Glenarm that has been designed for 305 residential units in a 31-story tower.

“We are very excited to be entering the Denver market with the acquisition of a best in class generational asset.  In many respects – a highly educated work force, internationally acclaimed health care, and a high-quality, healthy lifestyle – Denver evokes Boston and Austin, two core Northland markets in which we have had great success” said Matthew Gottesdiener, Northland’s Chief Investment Officer.

1600 Glenarm holds a unique position directly on the Sixteenth Street Mall, in a market that was ranked third in U.S. News and World Report’s Best Places to Live 2018. 1600 Glenarm includes 333 luxury apartment homes with spacious floor plans, stunning views, state-of-the-art amenities, 24/7 concierge services, and 30,000 square feet of commercial space.