Asana at North Park
Alameda Square
May 1, 2015
Denver Urban Business Center
April 1, 2014

Description

  • Acquired in September 2014
  • 132 units
  • Class B Apartments

Investment Rationale

  • Rare podium-style apartments in a constrained market
  • 90%+ occupied with below market rents
  • Upside through renovation program and closing rent gap with Class B comps
  • Targets Millennials seeking value in the hip North Park submarket