• Acquisition of a 65-unit, Class B apartment community located one block east of the highly desirable Cheesman Park neighborhood of Denver, Colorado.

• Value-add business plan to complete renovations and raise rents to market rates.

• Strong submarket demonstrating a history of high occupancy and growing rents.

• High barriers of entry in the area due to limited appropriately zoned land, high construction costs, and difficulty securing construction financing for speculative development.

• Experienced sponsor that focuses on multifamily value-add projects.