Ranch at Bear Creek has sold for $38.5 million, according to HFF, a New York-based provider of real estate and capital markets services.
It was purchased by Castle Lanterra Properties and sold by Aukum Group. HFF marketed on behalf on the seller.
The 201-unit community is located at 3324 South Field Street in the Bear Creek area of Lakewood. It was originally constructed in 1973.
The property features flat-style units and townhomes.