Pacific Urban Investors, a leading multifamily owner-operator and investment manager, has recently completed the acquisition of Viridian, a 420-unit apartment community in Greenwood Village, Colorado. The Property is strategically located in the Denver Tech Center, an area known for its abundance of high-paying jobs in technology, finance, telecommunications, and aerospace industries.
This acquisition marks Pacific’s fourth investment in the Denver market, bringing their regional portfolio to a total of 884 units. The company sees great potential in Viridian, considering it a high-quality asset with opportunities for enhancements that will improve the resident experience and increase yields for their capital partners. The property boasts a range of attractive features including a resort-style pool, a full-size basketball court, ample parking with a ratio of 1.7 stalls per unit, and spacious floorplans with 9-foot ceilings.
The location of Greenwood Village offers residents access to the highly regarded Cherry Creek school district. With quick access to major freeways, light rail transportation, and walkability to 35,000 jobs in the Denver Tech Center, residents will enjoy short commutes to the 240,000 jobs in the broader Denver South business corridor.
Pacific Urban Investors views the acquisition of Viridian as a valuable addition to their portfolio. The company is focused on investing in vintage communities in core locations that provide significant value and amenities to residents. They believe that these communities offer a distinct advantage over more recent developments and home ownership options.
With over $8.7 billion in assets under management, Pacific Urban Investors is a respected player in the multifamily space. Their expertise lies in repositioning and maximizing the income potential of multifamily assets. The company serves as a trusted fiduciary for their own partner capital as well as strategic partnerships with institutional pension funds and other sophisticated investors.
As Pacific Urban Investors actively seeks additional opportunities in the Denver Metropolitan Statistical Area (MSA), Viridian is the first of what is expected to be a series of future acquisitions. With a strong focus on core locations near employment and lifestyle amenities, Pacific aims to continue expanding their portfolio while providing excellent value and superior living experiences for residents.
For more information about Pacific Urban Investors and their multifamily portfolio, please visit www.pacificurbaninvestors.com.
Pacific Urban Investors’ recent acquisition of the Viridian apartment community in Greenwood Village, Colorado, expands their portfolio in the Denver market. This acquisition brings their total regional portfolio to 884 units and marks their fourth investment in the Denver area. Viridian is strategically located in the Denver Tech Center, which is known for its high-paying jobs in technology, finance, telecommunications, and aerospace industries.
One advantage of this acquisition is the property’s location in Greenwood Village, which offers residents access to the highly regarded Cherry Creek school district. Additionally, the property provides quick access to major freeways, light rail transportation, and walkability to 35,000 jobs in the Denver Tech Center. Residents can enjoy short commutes to the broader Denver South business corridor, which has approximately 240,000 jobs.
Pacific Urban Investors sees great potential in the Viridian property and considers it a high-quality asset. They believe there are opportunities for enhancements that will improve the resident experience and increase yields for their capital partners. The property features attractive amenities such as a resort-style pool, a full-size basketball court, ample parking, and spacious floorplans with 9-foot ceilings.
As a leading multifamily owner-operator and investment manager, Pacific Urban Investors has over $8.7 billion in assets under management. They specialize in repositioning and maximizing the income potential of multifamily assets. The company serves as a trusted fiduciary for their own partner capital and has strategic partnerships with institutional pension funds and other sophisticated investors.
Pacific Urban Investors’ acquisition of Viridian is part of their broader strategy to invest in vintage communities in core locations. They believe these communities offer advantages over more recent developments and home ownership options. The company is actively seeking additional opportunities in the Denver Metropolitan Statistical Area (MSA) and expects Viridian to be the first of a series of future acquisitions.
Although the article does not provide specific forecasts, current market trends in the multifamily sector suggest continued strong demand for rental properties. The Denver market, in particular, has been experiencing steady population and job growth, which bodes well for the rental market. However, challenges associated with investing in multifamily properties include competition among investors and the potential for increased regulations or economic downturns that could affect occupancy rates and rental income.
For more information about Pacific Urban Investors and their multifamily portfolio, you can visit their website at www.pacificurbaninvestors.com.