The City of Aurora has agreed to a $300,000 deal with Five Dallas Partners, an affiliate of the infamous CBZ Management, settling a November 2024 lawsuit filed by the city for the landlord’s neglect at the Edge of Lowry.
The Edge of Lowry, a now-closed apartment complex at 1218 Dallas Street, was among the three properties that CBZ managed in Aurora. In 2024, CBZ officials claimed that Venezuelan gangs had taken over the complexes, causing a national controversy that played into the presidential election. CBZ ultimately lost all three properties.
The $300,000 settlement pays for “costs in maintaining and closure of the Dallas Street Properties” incurred by the city, but it “does not constitute an admission of liability” by Five Dallas Partners, the settlement reads…