The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 3, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
DB Capital Management Spends $16 Mil On 46-Unit Denver Res Asset

11/06/20

DB Capital Management has acquired Red Owl Apartments, a 46-unit community in Denver, for $16.2 mil ($352.2k/unit), marking the firmís entry into the Denver market. Built in 2018, Red Owl Apartments is located at 90 S. Logan St in West Wash Park, one of Denverís most livable and sought-after residential neighborhoods.

West Wash Park is characterized by its eclectic mix of housing options as well as a wide variety of local restaurants, boutiques and parks. The approximately one-square mile neighborhood sits at the western gateway of its namesake 165-acre Washington Park, considered by locals to be Denverís Central Park. It is also within a 10-minute drive of the cityís most popular shopping and business districts including Old South Pearl Street, Cherry Creek, Old South Gaylord Street and Downtown Denver.

DB Capital Management will rebrand the asset as Summit at Wash Park and will immediately begin a renovation that will include common area improvements, as well as interior and exterior upgrades to the studio, one-, two- and three-bedroom apartment homes as units roll. The improvements are aimed at driving desirability and tenant retention to support stable revenue growth, added Regional Vice President Darren Hulick who leads the Denver acquisition team.

The off-market transaction was arranged by Justin Hunt, Andy Hellman and Katie Hufnagel of Newmark Knight Frank, Colorado. David Treadwell of Newmark Knight Frank arranged the acquisition financing.

DB Capital Management plans to aggressively target multifamily acquisitions in Denver as it continually ranks as one of the best places to live in the U.S. and has been one of the top performing multifamily markets during the COVID-19 pandemic, according to DB Capital Management Co-founder and CEO Brennen Degner. In addition to Denver, the firm is also targeting multifamily investments in Austin, Salt Lake City, and Portland.






Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media