The units were built in 1970 and are located in Denver, Colorado. Cedar Run is in the center of a number of major employment hubs including The DTC Business Corridor (175,000 employees), Downtown Denver (133,500) jobs, the Fitzsimons Life Science District (45,000 employees), and Cherry Creek (20,000 employees). The asset will provide investors with consistent cash returns while providing long-term value uplift through continuing renovations.
The property offers 1-2 bedroom apartments spread across 9 buildings and 14 acres. In-unit features include installing vinyl plank flooring throughout, adding new cabinet faces, hardware, and lighting fixtures, as well as resurfacing countertops.