Summary
HIGH QUALITY, NEWLY BUILT ASSET WITH HIGH-END AMENITIES • The Property is a newly developed (2022 construction), Class-A apartment community with high-end
unit interiors featuring stainless steel appliances, quartz countertops, walk-in closets, washer/dryers,
and patios/balconies.
• Community amenities include a clubhouse, business center, fitness center, resort-style swimming pool,
spa, outdoor kitchen/grilling area, fire pit, and dog park.
• The Property is 93.7% occupied with an average monthly rent of $1,944 and has achieved strong rental
growth with leases over the 30 days ending November 11, 2024 averaging $2,013/month, which was
3.6% above in-place rents.(1) WELL LOCATED WITHIN DESIRABLE MARKET • The Property is located in Brighton, Colorado, approximately 25 miles northeast of downtown Denver
and 15 miles north of the Denver International Airport. The Property is proximate to I-76, which provides
residents convenient access throughout the region.
• The Property is strategically located near Denver’s major business parks and medical centers including
Washington Square, Northridge at Park Center, and Platte View Medical Center.
• The Property is located within the greater Brighton Crossing Master Planned Community, providing
residents with a neighborhood feel and direct access to a grocery-anchored retail center, walking trails,
and parks.
• Brighton is a vibrant city that has experienced rapid growth with the population increasing by 27.1%
since 2010.(2) POSITIVE RENTAL MARKET FUNDAMENTALS • Occupancy in the Northeast Adams County multifamily submarket was 93.7% as of Q3 2024, with effective rents forecasted to grow 4.0% annually through 2027.(3)
• Population growth for 2024-2029 within three miles of the Property is projected to grow at an approximate
1.7% annual rate, more than three times the 2023 national average.(3)
• Average household income within a three-mile radius of the Property is $104,803.(4) EXPERIENCED OPERATOR • The Property Manager, RPM Living, was founded in 2002 and is a full-service multifamily property
management, investment, and development company. RPM is the 3rd largest multifamily property
management firm in the United States, with a current portfolio of over 225,000 units under management,
of which approximately 2,300 are in the Denver MSA.(5) (1.) Rent roll dated November 11, 2024
(2.) United Nations – World Population Prospects
(3.) Costar
(4.) Appraisal
(5.) National Multifamily Housing Council
