Brickstone Acquires Kensington Apartments Near the University of Colorado Boulder for $71 Million, Plans Renovation

by Katie Sloan

Boulder, Colo. — Brickstone Partners has acquired Kensington Apartments near the University of Colorado Boulder for $71 million. The property offers 163 units one block from the university’s campus, and features shared amenities including a clubhouse, fitness center, indoor swimming pool and an on-site laundry facility.

Brickstone plans to begin a comprehensive two-year renovation program imminently, which is set to incorporate upgrades to unit interiors including cabinetry, countertops, appliances, flooring, lighting and plumbing fixtures; extensive enhancements to the property’s shared amenity spaces and clubhouse; refreshed exterior landscaping; and the addition of upgraded safety features.

“We are excited to add Kensington to our extensive portfolio of Colorado communities and for the opportunity to enhance the property to better serve the needs and desires of its residents and of this great city and institution,” says Founder Daniel Otis. 

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