The Lex at Lowry Apartments in Denver: Ownership, Pricing, and Policy Facts

Ownership and age: what CIM Group bought in 2021

CIM Group announced the purchase of The Lex at Lowry on June 30, 2021, in a release describing 710 units across 24 buildings, about 816,261 square feet on 26 acres, and 1,204 parking stalls. The property was originally built in 1972. The sale price was never disclosed, and Connect CRE’s coverage of the deal confirms it as one of only seven Denver-metro apartment communities with more than 700 units. The purchase pushed CIM’s Denver-area residential holdings past 1,300 units.

The same release names CIM’s other Denver-area properties: the 275-unit Theo, the 319-unit Milo, the for-sale Ella CityHomes townhomes at 9th+Co, and a roughly 421,000-square-foot office complex called LoDo Towers in lower downtown. None of that changes what a renter pays here today, but it places the current ownership inside a multi-property Denver portfolio going back more than a decade, not a first-time or short-term landlord.

Pricing against Denver’s market

The one number that is firmly comparable, one-bedroom pricing, puts this property under the citywide average by more than $450 a month. Citywide rent figures vary widely by data provider: some sources put Denver’s one-bedroom average near $1,266, others above $2,000, depending on methodology and date.

What “walking-friendly” means here

The property’s own marketing copy describes its location as a “walking-friendly neighborhood just steps from anything you could ever need.” Walk Score Inc.’s data, as reported on the property’s Zillow listing, puts the address at 47 out of 100: car-dependent. The same listing gives a Transit Score of 42, described as “some transit.”

Is The Lex at Lowry walkable?Walk Score Inc.’s published rating for the address is 47 out of 100, car-dependent, with a Transit Score of 42. Most daily trips from this location are realistically car trips, not walks.

Pet policy

All breeds require leasing-office pre-approval regardless of weight, so a mixed-breed dog under 75 pounds isn’t automatically exempt from the list above.

Schools: two sources, two different answers

Apartments.com assigns the property to the Denver County 1 School District generically. Zillow names two specific schools instead: Denver Green School and George Washington High School. Denver Public Schools’ own interactive boundary tool could not be queried directly for this page, so the discrepancy is reported here rather than resolved. Confirm zoning directly through the DPS School Boundary Hotline at 720-423-3400 before treating either listing as final.

Which schools is The Lex at Lowry zoned for?Two aggregator listings disagree: one names only the district, the other names Denver Green School and George Washington High School specifically. Call the DPS Boundary Hotline at 720-423-3400 for a direct answer tied to the exact unit address.

Move-in costs and the no-deposit option

The property’s leasing platform advertises a no-deposit option through a third-party service called Obligo, letting qualified applicants skip a traditional cash security deposit. Specific Obligo fees and qualification terms aren’t published on the listing itself, so confirm the exact cost of that option with the leasing office before assuming it’s free.

Can I skip the security deposit?The property offers an Obligo-based no-deposit option for qualified applicants, in place of a traditional cash deposit. Ask the leasing office for Obligo’s current fee and qualification terms, since those aren’t published on the listing.

Colorado’s screening-report rights

Colorado’s Rental Application Fairness Act gives applicants the right to submit a Portable Tenant Screening Report, defined under C.R.S. §38-12-904(1.5), instead of paying for a new screening. If an applicant provides one that’s no more than 30 days old, the landlord cannot charge a rental application fee or a fee to access or use that report. The property’s Zillow listing confirms it follows this requirement and cites the statute directly.

This right doesn’t mean an application is free either way: a landlord can still require proof the report meets the statute’s conditions, including that it comes straight from the screening company or a compliant third-party site. What actually changes is who pays for the background check, not whether one happens.

What is a Portable Tenant Screening Report, and do I have to accept the property’s screening instead?It’s a consumer report, no older than 30 days, that an applicant can supply themselves under C.R.S. §38-12-902(2.5). If provided, the landlord can’t charge an application fee or a fee to use it.

What one resident reported

One review displayed on the property’s own leasing platform, attributed to a resident identified only as “Tesfa A.,” describes moving in without a connected bathroom sink and without hot water, and notes not yet having raised the issue with management at the time of writing. This is a single account, not a representative sample, and it reflects one unit at one point in time rather than the property as a whole. It’s the only independently viewable condition signal available across the sources checked for this page.