June 23, 2025
Golub & Company and Altre Acquire Aurum Apartments in Golden, Colorado, Expanding Mountain West Portfolio
Denver, CO (June 23, 2025) — Golub & Company (“Golub”), in partnership with Altre, has acquired Aurum, a 165-unit apartment community in Golden, Colorado. The purchase reflects both firms’ shared strategy of investing in fast-growing, supply-constrained markets across the Mountain West.
Completed in 2022, Aurum is located at 18475 West Colfax Avenue in Golden, a desirable submarket just west of downtown Denver. Golden is known for its gorgeous mountainous landscapes, access to world-class outdoor recreation, and proximity to major employers in Denver and Boulder. Home to the Colorado School of Mines and a thriving innovation and energy sector, the city continues to experience steady population growth and renter demand.
“Aurum is exactly the kind of high-quality asset we seek. Strong leasing performance, in a location with incredible appeal, with the opportunity to further improve resident experience through renovations. Golden continues to be one of Golub’s top target markets due to its natural barriers to entry. Further, Golden is a place where people can thrive not only professionally because of excellent access to employment, but also personally, with immediate access to nature and an active community. This location truly embodies the lifestyle individuals and families are seeking when choosing to live in Colorado,” said Colin Riley, Vice President of Acquisitions at Golub & Company.
Aurum features studio, one-, two-bedroom, and three-bedroom apartments with modern finishes designed for a wide range of renters—from students and recent graduates to young professionals, families, and empty nesters. The property offers abundant shared amenities, including a resident lounge, various outdoor decks with expansive mountain views, outdoor gathering areas with firepits and grills, a fitness center, on-site laundry, and dedicated bike and ski storage. Each floor has shared spaces to encourage community, including kitchens, coworking spaces, gaming activities, and shared balconies. Golub and Altre plan to make targeted improvements to Aurum, including introducing premium kitchens in select units.
“This acquisition aligns squarely with our thematic focus on supply-constrained growth corridors where experienced institutional stewardship can generate durable, risk-adjusted returns,” said Ryan Lovell, Chief Investment Officer at Golub & Company. “Altre’s long-duration, value-oriented capital is the ideal complement to our vertically integrated operating platform, and we look forward to expanding our partnership across Golub’s target markets.”
Golub & Company will manage Aurum through its vertically integrated real estate platform, which includes property operations, leasing and marketing, and asset management. Since entering the Denver market in 2019, the firm has made strategic investments in multifamily and mixed-use assets, including Denargo Market, a 17-acre master-planned development currently under construction in the RiNo neighborhood.
“Partnering with Golub on Aurum represents a key milestone in our North American expansion,” said Haig Apovian, Chief Investment Officer at Altre. “Golden is an exceptional market, blending strong economic growth and access to nature. We’re excited to support this project and apply our value-oriented investment approach to help shape the future of this community.”
That sentiment is shared across Altre’s U.S. investment team. “Altre is excited to kick off its partnership with Golub with a strong execution on Aurum,” said George Stellas, VP of U.S. Investments. “This asset will be foundational to our growing U.S. real estate portfolio.”
About Golub & Company
Golub & Company has cultivated a reputation as an active, skilled owner, developer and property manager. The firm is recognized as an industry leader with an effective, hands-on approach from seasoned professionals with high-profile real estate experience. Golub and its affiliates have owned, leased or managed more than 75 million square feet of commercial, mixed-use and multifamily real estate properties, including 45,000 residential units, valued in excess of $20 billion located across the U.S. and internationally. For more information, please visit https://golubandcompany.com/.
About Altre
Altre is the real estate investment platform of Votorantim, a São Paulo-based global holding company with over 105 years of history. Established in 2021, Altre leverages its unique capital structure to invest across the risk spectrum in both the United States and Brazil, aiming to create generational value. In the United States, Altre partners with institutional operators and co-investors to acquire, develop, or finance properties in dynamic markets nationwide. In Brazil, Altre focuses on master-developing legacy land holdings into mixed-use urban environments and acquiring institutional-quality assets with strong cash flow characteristics.
