Security Properties Reinforces Market Presence with $51M Acquisition of Rosemont West 84th
Security Properties, the distinguished real estate investment firm renowned throughout the Pacific Northwest, has strategically expanded its multifamily property portfolio with the acquisition of Rosemont West 84th. This $51,025,000 investment in the 300-unit garden-style community located in Federal Heights, Colorado, signifies the firm’s focused intensification of its footprint, having completed its eighth market-rate acquisition in the year 2025, amassing nearly $700 million in investments to date.
The location of Rosemont West 84th, a mere eight miles north of downtown Denver, offers residents unrivaled connectivity. Major arteries such as I-25 and U.S. 36 provide a gateway to bustling employment hubs throughout Denver, Boulder, and Interlocken Business Park. Comprising an eclectic array of renovated studios, one-bedroom, loft, two-bedroom, and townhome options, the community has strategically undergone nearly 90% unit renovation, integrating contemporary finishes and modern features for heightened resident appeal.
Intriguingly, Security Properties is no stranger to Rosemont, having previous tenure of ownership from 2017 until its peak sale in 2021. Astutely navigating the crests and troughs of the market, the company has reacquired the asset at approximately a third less than the 2021 sale price and over half below replacement cost, a testament to its disciplined investment acumen.
Chief Investment Officer at Security Properties, Mark Bates, sums up the strategic approach: “This acquisition highlights our ability to move decisively when we identify opportunities that align with our long-term investment philosophy. Our familiarity with Rosemont and deep knowledge of the Denver market allowed us to underwrite the opportunity with precision—a capability our investors and partners consistently rely on.”
Delving deeper into the Denver market, despite a general cooling of investor interest, Security Properties maintains a positive stance. Their bullish outlook is buttressed by Denver’s proven historical performance, entrenched demand drivers, and a remarkably tight supply pipeline, particularly evident in the Federal Heights submarket. Bates articulates the enduring potential, “Even as Denver moves through a period of normalization, its long-term fundamentals remain compelling. A young, highly educated workforce, a widening affordability gap between renting and owning, and a notable slowdown in new supply point to sustained demand for well-located rental housing. We believe this is exactly the right moment to lean in.”
Security Properties’ growth across key markets continues to be underpinned by a disciplined, measured approach. Its depth of regional knowledge, enduring relationships, and commitment to certainty in execution distinctively positions the firm in the realm of multifamily investments. Bates encapsulates the ethos driving the company’s ambitions, “Our integrated team and decades of experience allow us to uncover and execute on opportunities that generate strong long-term outcomes. We’re committed to growing our presence in Denver with the same thoughtful, disciplined approach that has defined our success in the Pacific Northwest.”