Cantor Fitzgerald Buys Apartments Outside Denver for $83M

Cantor Fitzgerald has scooped up a 315-unit luxury apartment complex outside Denver for $93.1 million.

The New York-based financial firm led by Howard Lutnick bought The Bromley at Brighton Crossing at 4900 Bowie Drive in Brighton, nearly 25 miles northeast of Denver, the Denver Business Journal reported.

The seller was San Antonio-based Kairoi Residential, which developed the property. The deal works out to $295,556 per unit.

The three-story complex, built in 2021, has studio, one-, two- and three-bedroom units that run between 540 and 1,350 square feet. Asking rents range between $1,607 and $2,570 a month, according to its website.

The sale adds to a series of apartments that have changed hands in recent months in greater Denver.

Other recent sales include the Beacon House Apartments in Northglenn, the Kabin Apartments in Denver’s River North Art District neighborhood, and Aventine Littleton, which sold for $91.25 million, according to the Business Journal.

This summer, Kairoi Residential bought a 319-unit luxury apartment complex in east Boulder for $159 million, or $498,433 per unit.

The company also manages One River North, a Denver apartment tower with a canyon-inspired design that opened this spring.

Cantor Fitzgerald, founded in 1945, has $13.2 billion in assets under management, with $100 billion in trades last year, according to its website. Billionaire Howard Ludnick, its CEO, has manned the helm for 41 years. His firm controls commercial brokerage Newmark.

This summer, Lutnick charged 100 guests $250,000 a pop in the Hamptons hoping to raise more than $10 million to help put Donald Trump in the White House, after donating $1 million to re-elect the president.

Lutnick had been considered one of the top picks for Treasury secretary, but then Trump tapped him for Commerce secretary.

— Dana Bartholomew