Lyra Apartments in Centennial officially opened in April more than
50 percent pre-leased
Bloomington, MN – The Doran Group, the new name for Kelly Doran’s real estate company, announced today that Doran-CSM, Centennial, LLC – an affiliated entity – has sold Lyra Apartments to a publicly held real estate investment trust for $95 million. The 215-unit apartment community at 9641 East Geddes Avenue in suburban Denver opened on April 1, 2022, and was developed, leased, and managed by The Doran Group.
The Lyra apartment community saw above-market leasing activity, opening 50 percent pre-leased in April and reaching the 95 percent stabilization threshold within a few months.