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Portfolio Highlights

Portfolio Highlights

Granite Capital Group

Consistently and distinctively filling a targeted niche

Fairways at Vista Ridge, Erie, CO


Fully Entitled 169 unit Multi-family Apartment Development

Opportunity: GCG Fairways at Vista Ridge LP (the “Fairways”) is a fully entitled 169-unit residential rental project. The investment is designed for real estate investors seeking substantial cash flow after construction and stabilization of the project, and eventual capital gains or possibly an opportunity to tax deferred 1031 exchange into new partnership property upon a sale in five to ten years. The Fund will acquire two adjacent fully entitled parcels of 10.4 and 4 acres in the City of Erie in Weld County (a suburb of Denver), Colorado. Upon completion, the project will consist of 144 apartments in 36 low density four-unit buildings and a cluster of 25 single-family (patio) homes. The project is located in the Vista Ridge master-planned golf community.

Vista Ridge is located approximately 18 miles north of downtown Denver via Interstate 25, 15 miles due east of Boulder via CO State Highway 7, 10 miles northeast of Interlocken, adjacent to the City of Broomfield, and 20 minutes west of Denver International Airport via the E470 toll way.

Dakota Ridge Apartments, Williston, ND

Bakken Development Fund I

300 unit Multi-family Apartment Development over 35 acres

Opportunity: Extreme shortage of housing for oil workers in a rural landscape with limited building infrastructure to accommodate huge demands. Due to severe undersupply, available housing is leasing at a price premium.

This project is located adjacent to Williston, North Dakota at the epicenter of the Bakken oil boom. Due to the recently discovered hydraulic fracturing technologies, the Bakken has rapidly risen to become recognized as the #1 fastest growing micropolitan (population of not more than 50,000) in the nation.

GCG pro-actively acquired land in 2012 in anticipation of a massive demand. Our firm is one of the initial developers seizing the opportunity and spearheading the entitlement processes of multi-family residential building in the Bakken. This project is leasing immediately as units become available at premium rents.

The Edge and Rise, Denver, CO

Growth and Income Fund II

Multi-family Portfolio of two companion apartment communities with combined 216 residential units.

Opportunity: Significant deferred maintenance with declining appearance in emerging Class A-/B prime location adjacent to Denver’s Cherry Creek Sub-market. Properties are located within 5 miles of the thriving Central Business District of Denver and just over a mile from the prestigious Cherry Creek Shopping Center

GCG executed a transformational rehab to bring the 1960’s vintage properties from neglected Class C to modern, Class B appeal providing amenities consistent with the upcoming urban energy. Net Operating Income (NOI) has exponentially grown by 160% in less than 3 years.

The VUE , Denver, CO

Growth and Income Fund III

A Multi-family High Rise property of 85 units.

Opportunity: This was a neglected, decayed 1960’s product located in a rapidly emerging growth track close to the Denver Central Business District. Occupancy was down to 80%.

This prime location of Denver’s Cherry Creek sub-market is strategically adjacent to our Rise and The Edge multi-family properties.

A major rehab of interior, exterior, and public areas to upgrade from tired Class C to modernized Class B. We are filling a niche providing Class B product where there was extremely limited supply. The adjacency of our Cherry Creek properties allows additional efficiencies of operations and management. At stabilization, the projected Net Operating Income (NOI) will increase by approximately 350%.

SOLD – 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.

Sold – 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.

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