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Asbury Plaza Apartments

Denver, CO

Overview

Asset class

Real estate

Asset type

Multifamily

Strategy

Value add

Funds

Updates

New acquisition

November 30, 2017

This project is a great example of investing in older apartments at an attractive price, and performing renovations to increase value.

New acquisition: Stabilized apartments in Denver

Progress update

November 14, 2023

Despite shifting market conditions, the appraised value of the apartment community has increased by 39%.

Progress update: Refinanced senior loan for stabilized apartment community in Denver

Location

Denver, CO

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Asset type

Multifamily

Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.

Our strategy

Value add

Acquire real estate that needs improvements and / or lease-up.

Expected variability of return: High
Timing of expected return: Several months to a year
Primary expected source of returns: Growth with some rental income

More about our strategies

This section is intended to provide a general overview of the Value add strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

Associated fund

Heartland eREIT

Closed Real estate

The Heartland eREIT focuses on investing throughout the majority of the Sunbelt, which has been a beneficiary of high rates of population and job growth and the shift to remote work due to low cost of living, warmer weather, and business friendly policy.

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