Rise and Edge Apartments
Value-Add
- 217 units
- Denver, CO
- Acquired: 2011
- Purchase Price: $15.3M
- Sold: 2018
- Sales Price: $42.1M
- Average Annual ROI: 30.8%
- Equity Multiple: 3.15
Vue Apartments
Value-Add
- 85 units
- Denver, CO
- Acquired: 2013
- Purchase Price: $6.6M
- Sold: 2018
- Sales Price: $14.2M
- Average Annual ROI: 28.8%
- Equity Multiple: 2.46
Hearthstone & Bella Terra Apartments
Value-Add
- 664 units
- Aurora, CO
- Acquired: 2007
- Purchase Price: $41.9M
- Sold: 2015
- Sales Price: $91.0M
- Average Annual ROI: 18.3%
- Equity Multiple: 2.28
2019
• Completed 1031 exchange for an advisory client – Industrial land exchanged to $12M NNN CA retail building
2018
• Sold the repositioned Rise Apartments for $26.6M – 137 multi-family units in Denver, CO
• Sold the repositioned Edge Apartments for $15.5M – 80 multi-family units in Denver, CO
• Sold the repositioned Vue Apartments for $14.2M – 85 multi-family units in Denver, CO
• Sold Dakota Ridge Apartments – 300 multi-family units in Williston, ND
2015
• Sold Victoria Business Park for $15.1M. 23 industrial units in Long Beach, CA
• Sold Hearthstone Apartments & Bella Terra Apartments for $91.0M. 664 repositioned multi-family units in Aurora, CO