Denver, CO (RiNo District)

Projections

Target Investor IRR: 24.5%

Minimum Investment: $50K

Target Equity Multiple: 2.2x

Target Investment Period: 4 years

Total Capitalization: $151 Million

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Why We Are Excited About This Project

When we have closed on our capital raise for “The Cooper” in October, we will update all market analysis, projections and details on the Beatrix that we have under contract/DD
Strong market fundamentals - Denver/Aurora/Lakewood has added over 74K Jobs in last 12 months. And will be adding 30K in the next 12 months. Unemployment is at 3.2% and projected to shrink to 2.4%. Development activity for industrial, retail, & multifamily continues to grow.
Conservative Underwriting - we have underwritten this project with only 3% rent growth during the hold period, with a market projecting a 14% rent growth for 2023 (fortunebuilders). We are using an exit cap rate of 4.25%. This is 1% higher than Class A product selling within the last year. We have stressed tested the numbers for lower rents, higher interest rates, to unrealistic economic conditions and still projecting returns to investors.
We are part of the solution to the Housing Shortage - The demand for housing is through the roof. This market has one of the lowest housing inventory levels in the country (Realtor.com). Mortgage interest rates are rising, making home ownership less affordable. This further increases the demand for quality apartment rentals. We see rental demand continue to remain high for the foreseeable future.

Property profile

As the RiNo corridor continues to undergo significant redevelopment, situated on the W Colfax Corridor and Sheridan, this is a unique opportunity within one of Denvers most prized neighborhoods.

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