Press Releases
Marcus & Millichap Closes Multifamily Asset Sale in East Denver
June 17, 2026
DENVER, June 17, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Monaco South, a 220-unit workforce housing property in Denver, Colorado. Greg Parker, senior director investments, and Jason Hornik, managing director investments, both with Marcus & Millichap, represented the seller.
“While multifamily operating fundamentals remain challenged by elevated concessions and increased vacancy across portions of the market, investor appetite for institutional-quality workforce housing in Denver remains strong,” said Parker. “Monaco South offered a compelling combination of scale, location, and basis. The transaction demonstrates that well-positioned assets continue to attract significant investor interest despite near-term market volatility.”
Monaco South is located within one of Denver’s established infill submarkets, providing residents with convenient access to major employment centers, regional transportation corridors, and a broad range of retail, dining, and recreational amenities.
“Capital continues to pursue well-located workforce housing opportunities where basis and long-term fundamentals align,” said Hornik. “Monaco South checked those boxes and generated strong investor interest throughout the marketing process.”
“While multifamily operating fundamentals remain challenged by elevated concessions and increased vacancy across portions of the market, investor appetite for institutional-quality workforce housing in Denver remains strong,” said Parker. “Monaco South offered a compelling combination of scale, location, and basis. The transaction demonstrates that well-positioned assets continue to attract significant investor interest despite near-term market volatility.”
Monaco South is located within one of Denver’s established infill submarkets, providing residents with convenient access to major employment centers, regional transportation corridors, and a broad range of retail, dining, and recreational amenities.
“Capital continues to pursue well-located workforce housing opportunities where basis and long-term fundamentals align,” said Hornik. “Monaco South checked those boxes and generated strong investor interest throughout the marketing process.”
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
