Lakewood apartment community sells for $38.5 million

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.

It has a recently renovated pool area, fitness center and…

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