The Boulders, a 161-unit, multifamily community has a new owner, according to a Newmark Knight Frank news release.

Heitman, a global real estate investment firm with $44 billion in assets under management, purchased the property at 2850 Kalmia Ave., from Broadshore Capital Partners, a national real estate investment firm that has invested over $9 billion in real estate assets.

The purchase price wasn’t disclosed.

Newmark Knight Frank, a commercial real estate advisory firms, brokered the deal.

Constructed in 1993, The Boulders is one of only three 1990s vintage apartment communities in Boulder. The buyer plans to renovate the units to stay competitive in the market, according to the release.

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