THC Sage Brook (SOLD)

Acquisition of a 50% interest in an existing 216-unit Class B multi-family community located just 3 miles from the upscale Cherry Creek neighborhood, in Denver,CO. Investment offers a unique opportunity to invest in a core asset with in place income with a potential significant value-add component. The value add component included a $7,500 per unit investment in upgrades to the interior of the apartment units and a $500k investment for the common areas.

Property Overview

Location: Denver, CO


Located in Denver, CO - #1 on Marcus & Millichap total return index which ranks multi-family markets by projected rent growth and highest current cap rates. Community has a pool fitness center, BBQ areas.