Investment Overview

Duchess & Squire Apartments presents a rare opportunity to acquire 107 units across two adjacent properties totaling 3.02 acres in Edgewater, Colorado, one of the Denver metro area’s most desirable and supply-constrained infill locations. Built in 1974 and 1976, the properties offer meaningful scale within a submarket largely characterized by smaller multifamily assets, while providing residents convenient access to Sloan’s Lake, Edgewater Public Market, the Highlands, Downtown Denver, and the foothills. The offering carries assumable Fannie Mae financing at a fixed rate well below prevailing acquisition debt, running through September 2029. A buyer inherits accretive leverage on day one and executes the property’s operational plan without absorbing today’s cost of capital — a structural advantage that cannot be replicated in the current financing market. That operational plan is the core of the investment. The properties are currently operating meaningfully below submarket occupancy, and the underwriting brings collections and occupancy in line without assuming a single dollar of rent growth or a capital-intensive renovation program. The result is an identifiable, controllable path to near-term income growth that rests on execution rather than on market appreciation. Underpinning that plan is durable demand. Rents at Duchess & Squire sit far beneath both local household incomes and the cost of owning a home in the same neighborhood, while the development pipeline has contracted sharply and what remains is aimed at a materially higher rent point. Combined with a diversified unit mix and an infill location that cannot be replicated, Duchess & Squire offers investors scale, favorable financing, immediate operational upside, and long-term housing demand in one of West Denver’s most established neighborhoods.