Raleigh at Sloan’s Lake , a 249-unit multifamily community in Denver, has been sold to Florida-based Seminole Real Estate Fund for $125.6 million.

CBRE represented the seller, Hines , in the transaction, which closed at more than $500,000 per unit, setting a record for multifamily pricing in Denver this year. The average price-per-unit in Denver in the third quarter of 2025 fell quarter-over-quarter to $278,000, according to CBRE Research .

“The sale of Raleigh at Sloan’s Lake reflects the strength and appeal of Denver’s multifamily market,” said Chris Crawford, senior managing director at Hines in Denver.

“Its exceptional lakefront location and top-tier design have driven strong resident demand and enabled it to outperform competitors, underscoring the depth of appetite for thou

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