Fund I Portfolio
Urban Living at 19th and Chestnut
Description
An exciting investment opportunity in the popular Union Station neighborhood in Denver, Colorado. This shovel-ready, transit-oriented development is within walking distance of downtown districts and is the last partial block undeveloped in this area.
Residents will have access to 145,000 jobs, parks, open spaces, entertainment venues, and more, all within walking distance. The apartment inventory is designed to be more affordable for residents at the highest income levels.
Details
Target Equity Multiple: 1.7x
Target IRR: 19%
Deal Type: Opportunistic
Asset Type: Multifamily
Sponsor: Greystar
Target Investment Period: 3 years
