CF Bromley

-

Brighton

,

Colorado

Prospective purchasers should carefully read this entire Offering Memorandum to fully understand all of the implications and risks of the Offering of securities to which it relates prior to making an investment. Investors should only consider these investments if they have no need for liquidity and can bear the risk of losing their entire investment.

**There is no assurance that stated objectives will be met. Liquidity events are at sponsor’s discretion.

$103,000,000

$250,000

7 - 10 Years

2022

93.7

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

Market Overview

Multifamily

52.2

$49,350,000

$39,766,409

$103,000,000

$250,000

7 - 10 Years

2022

93.7

5.35

1800 West Loop South
Suite 1700
Houston, Texas 77027
PHONE: 713-984-8044
FAX: 713-984-8048
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