Caliber at Cornerstar Apartments – Aurora, Colorado – 140 Unit Apartment Development, 100% Owned by WRP II

Opportunity:

A 140 Unit joint-venture apartment development with Indiana-based developer, The Garrett Companies. The site featured prime accessibility to Downtown Denver, Denver National Airport and the Denver Tech Center via Interstate 25 and Interstate 255. The apartment complex was also adjacent to Cornerstar, a 575,000 SF premier power center with more than 20 retailers including Target, CVS, Sprouts Farmers Market, and many others. Caliber at Cornerstar was sold in July 2019, generating an IRR of 49.3% and an Equity Multiple of 2.2 to 1.

Property

Three, Four-Story

Apartment Buildings

Size

140 Units

Built

2017-2018

Ownership

100% WRP II

Sold

July 2019

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