In 2022, ACRE provided $43,500,000 of bridge financing on this recently built, Class-A multifamily property in Denver, CO. The loan was fully funded at close and used to acquire the Property from the original developer. The Property is located in the East Denver submarket, one of the fastest-growing areas in the metro: The submarket’s roughly 20% population growth in the past decade greatly outperformed the metro average and was fueled by an influx of relatively high earners in the 30- to 44-year-old cohort. The Property benefits from its immediate location, adjacent to Rocky Mountain Arsenal National Wildlife Refuge, a 15,988-acre wildlife sanctuary.
- Denver, CO
- 150 Units