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.

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Bloomington, MN – Twin Cities Business Magazine today announced The Doran Group is the winner of three coveted “Best of Business” categories, including: Best Multifamily Developer, Best Commercial Real Estate Developer and Best Commercial Property Manager.

“We are thrilled to receive this honor, and appreciate all the readers in the Twin Cities selecting us as the winner,” said The Doran Group owner Kelly Doran. “I’m so proud of the team we have assembled and the hard work they do day in and day out. This is really a testament to their work. And I’m also thankful for every resident who continues to make our apartments and townhomes their homes. We take enormous pride in our work, which is all in service to them.”