The Paskin Group expands its portfolio into Denver with the purchase of The Logan Apartments
PRESS RELEASE: The Paskin Group (TPG), a Santa Barbara-based real estate investment and management company, successfully closed the acquisition of The Logan Apartments in Denver, CO for $16.3M.
Founded in 2006 by President & CEO Michael Paskin, TPG’s latest addition joins a portfolio of multifamily, retail, industrial, and office investments including 1,200+ apartment units and totaling over 1,500,000 square feet.
The Logan is located in the trendy Capitol Hill neighborhood in Denver, just minutes away from Downtown. Capitol Hill is sought after for its tree-lined streets, historic homes and hip retail shops and restaurants. The Logan features stylish one and two-bedroom floor plans filled with modern amenities including stainless steel, energy efficient appliances, floor-to-ceiling windows, hardwood flooring, and glass tile back splashes. In addition, residents have exclusive access to a variety of urban living on-site facilities and services including garage parking, outdoor courtyard with gas fired grills, resident lounge, and Sudz Dog Wash.
Locally, TPG recently completed its development of 19,000 commercial square feet in two adjoining buildings located in downtown Santa Barbara for Sonos. In a previous life, these buildings were a gas station and iron works facilities. TPG completed an environmental clean-up of the site and gave new life to the location with a contemporary design while preserving the historic architecture of the original buildings. This renovation represents some of the best new development in the rapidly changing Chapala corridor.
TPG leverages over 50+ years of combined real estate experience and is unbound by asset type or location as indicated by their portfolio holdings which include commercial and multifamily assets spread throughout California, Colorado, and Texas.
With offices in both downtown Santa Barbara and Plano, Texas, TPG has been actively working with their investors to acquire assets that fit their value-add investment strategy.