Opportunity:

A 140 Unit joint-venture apartment development featuring prime accessibility to Downtown Denver, Denver National Airport and the Denver Tech Center via Interstate 25 and Interstate 255. The apartment complex was also adjacent to Cornerstar, a 575,000 SF premier power center with more than 20 retailers including Target, CVS, Sprouts Farmers Market, and many others. Caliber at Cornerstar was sold in July 2019, generating a 49.3% IRR and an Equity Multiple of 2.2 to 1.