The Southern Ute Tribe of Colorado is buying 33 percent of Belmar, a development in downtown Lakewood.

The purchase price was not disclosed. According to The Denver Rocky Mountain News, the mixed-use development has a completed value estimated at $850 million.

The tribe's total assets are estimated at $1.7 billion. The tribe owns an energy company, a casino and recently began branching out into real estate.

Get the Story:
Ute Tribe fund to invest in Belmar (The Denver Rocky Mountain News 11/29)

Relevant Links:
Southern Ute Tribe - http://www.southern-ute.nsn.us

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