Plenty of Places Apartment Homes Acquires a Distressed, Newly Built Multifamily Property in Denver

The Irving, 44 units near Cherry Creek, was acquired despite multiple competing offers

LONG BEACH, CA – January 9, 2026 – Plenty of Places Apartment Homes, a privately held real estate investment firm, has acquired The Irving, a Class A multifamily property in Denver's Hale neighborhood, for $10,350,000, or $235,227 per unit. Plenty of Places went under contract with no financing contingency.

The acquisition marks the out-of-state firm's 15th multifamily acquisition in the Denver Metro area, where they have a significant presence. They own and operate over 1,400 units from their regional office in Lakewood, CO.

“We are always looking for ways to increase our holdings in Denver,” said Kristina Sorency, Regional Portfolio Manager. “We saw an opportunity in The Irving to act quickly and acquire a Class A property in an evolving and growing area.”

The Irving is located on Albion St, just east of Colorado Boulevard in Denver's newly expanding Hale neighborhood. Delivered in 2023, the six-story elevator-equipped building offers a mix of studio and one-bedroom apartments. The units are well-appointed with washer/dryer units, dishwashers, and microwaves. The building also features amenities like a rooftop deck, garage parking, and a business center. 

About Plenty of Places Apartment Homes

Plenty of Places Apartment Homes is a privately held real estate investment and management firm with offices in Denver, Colorado, and Long Beach, California. They own and operate a portfolio of commercial real estate and more than 2,700 rental units across California, Nevada, Colorado, and Arizona. The firm is focused on acquiring more multi-family properties and is positioned to respond quickly to investment opportunities.

Media Contact:

Ethan Wayne

Strategy and Communications Specialist

ethan@plentyofplaces.com

Acquisitions Contact:

Alex Shapiro

Acquisitions and Dispositions Manager

alex@plentyofplaces.com