S2 Capital Purchases Dartmouth Woods Multifamily Property in Denver Suburb

S2 Capital, a national multifamily investment management firm, has acquired Dartmouth Woods, a 201-unit garden-style apartment complex located in South Lakewood, a suburb of Denver, Colorado. The transaction details were not disclosed.

Situated at 10025 W. Dartmouth Avenue in Lakewood, the property comprises modern two- and three-story buildings in a desirable area characterized by a strong local economy, with an average household income of $107,000 and a median home price of $585,000. The neighborhood is also known for its well-regarded schools. S2 Capital plans to undertake extensive interior renovations, including the installation of stainless steel appliances, modern lighting, new flooring, and updated cabinetry. The exterior and common areas will also be refurbished to enhance the living experience for residents.

Ryan Everett, Vice President of Acquisitions at S2 Capital, stated, “We have been exploring opportunities in the Denver market for two years and are pleased to announce this acquisition, marking our first investment in the region. Including the Dartmouth Woods purchase, S2 Capital has acquired a total of 1,865 units across Texas, North Carolina, Florida, and now Colorado in the past year, totaling over $300 million in acquisitions.”

Everett further commented on the market conditions, noting that while recent economic pressures have led to a short-term re-pricing of multifamily assets, the long-term prospects for the housing market in key target areas remain favorable for well-capitalized investors.

S2 Capital also indicated that current economic factors, including a decline in new construction permits, potential interest rate cuts by the Federal Reserve, and various financial stresses, present a unique opportunity for investors with discretionary capital to strategically enter the market.

---

If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.

Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.