L&G acquires The Alder apartments in Parker for $97.2 million

The Alder, a newly constructed, 300-unit multifamily community in the Denver area, has been acquired by Legal & General, a global asset management firm, from Century Living for $97.2 million, according to Douglas County records.

The acquisition was made on behalf of L&G’s Institutional Retirement business, which will serve as the sole investor.

“We are delighted to add The Alder to our U.S. portfolio, building on the momentum from our other acquisitions this year,” said Alexia Gottschalch, Head of U.S. Real Estate Equity, Asset Management at L&G.

Completed in 2025, The Alder offers one-, two- and three-bedroom apartment homes, ranging from 550 to 1,429 square feet.

The property is at 15091 Belford Ave. in Parker, one of the Denver area’s fastest-growing suburbs, providing access to major employment centers, top-rated schools and nearby retail and recreational destinations, according to L&G.

L&G said the property has demonstrated strong lease-up performance and has attracted a high-quality resident base.

Amenities at the property include a resort-style pool with a tanning deck, 25-yard lap lane and spa, as well as a 24-hour gym, glass-enclosed yoga studio and outdoor fitness lawn, according to the apartment website.

Additional features include coworking spaces, a resident coffee bar, a clubroom with TVs and a billiards table, and an outdoor kitchen with covered dining.

As a long-term strategic partner, Taurus Investment Holdings will oversee the execution of The Alder’s business plan.

As part of this strategy, Taurus will also work with EcoSmart Solution to install solar panels at The Alder.

L&G holds a minority stake in Taurus, which was established in October 2024.

The Alder acquisition marks L&G’s fourth multifamily purchase in the past 12 months and follows the firm’s November acquisition of Outlook Golden Ridge in Golden.

L&G said they will continue to expand their U.S. real estate portfolio.