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.