Boulder County apartments: Investors buying high, banking on hot streak continuing

Despite the ongoing apartment building spree in Boulder County, the booming multifamily market the rising rents, the falling vacancy rates and broader demographic and economic trends has only whetted investors' appetites.

Through early December, real estate investment trusts, public retirement trusts and individual buyers have dropped a half a billion dollars on more than two dozen apartment communities in the county, an analysis of property records show.

Even when extracting the pricey $93.5 million Two Nine North apartments sale and the Balfour Senior Living portfolio in Louisville that sold for $104 million, the total value of this year's transactions exceeds that of the comparably busy 2012 by nearly 70 percent.

Top 10 sales

10 largest apartment property sales in Boulder County through Dec. 9, 2014

1. Two Nine North, 1925 30th St., Boulder, $93.5 million

2. Wyndham Apartments, 2540 Sunset Drive, Longmont, $51 million

3. The Boulders, 2850 Kalmia Ave., Boulder, $44.2 million

4. Balfour, 1331 Hecla Drive, Louisville, $40.25 million

5. Strathmore Park Apartments, 440 Strathmore Lane, Lafayette, $39.9 million

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Boulder County apartments: Investors buying high, banking on hot streak continuing