Granite Capital Group
Consistently and distinctively filling a targeted niche
Hearthstone and Bella Terra at City Center, Aurora CO
Opportunity Fund III
Two Multi-family Apartment Communities with combined 664 units
Opportunity: Gap in availability of Class B/C product in growth area of Denver submarket conveniently located proximal to Highway 225 and 18 miles to downtown Denver.
A niche was filled by transitioning the properties from 1980’s stock to updated appeal with complete re-brand, redesign, washer dryer installations with requisite engineering modifications in each unit and gating of community. Net Operating Income (NOI) increased more than 240% with robust increase in rental income and tenant demand.
Victoria Business Park, Long Beach, CA
Growth and Income Fund I
120,000 square feet of Flex Office/Industrial Park
Opportunity: Proximity to Southern CA ports, previous poor asset management, loss of occupancy and debt overload.
GCG acquired this well located multi-tenant facility at a deep discount to market. Upon acquisition we renovated to accommodate altered market dynamics. Additionally, we re-branded, and re-financed with strong cash flow, all which led to occupancy fulfillment with improved credit tenants.