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Trailpoint on Highline

Aurora, CO

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Number Of Units

198

Acquisition Price

$41,400,000

Acquisition Date

June 29, 2023

Hold Period

5 years

Project Level Projected IRR

15.42%

Project Level Projected EM

1.90x

Property Photos

Aerial view of a suburban area featuring several brown multi-story apartment buildings surrounded by lush greenery, roads, and nearby commercial buildings.
Aerial view of a residential area with multi-story brown buildings, surrounded by green spaces, trees, and a distant pond on a sunny day.
A serene outdoor swimming pool situated between multi-story residential buildings, featuring sun loungers and lush trees under a clear sky.
An elevated view of a kidney-shaped swimming pool surrounded by lounge chairs with multi-story apartment buildings and trees in the background.
A well-manicured lawn leads to a pathway between multi-story brick apartment buildings with lush green trees in a serene residential area.

Investment Highlights

Low Basis

  • Purchased for $209k/unit, and our all-in basis is $231k/unit. Other properties in the submarket have traded in the $250k-$290k/unit range.

Positive Leverage Day One

  • Secured an agency fixed loan at a 5.09% fixed interest rate. The property is acquired at a 5.84% cap rate going in, providing positive leverage on Day 1 of operations.

Premier Location – Aurora, CO

  • Conveniently located on the southwestern edge of Aurora in the highly desirable Cherry Creek School District. The property is 15 minutes away from the Denver Tech Center and 25 minutes away from Downtown Denver.
  • In addition to the proximity to Denver’s top employers at a more affordable cost, the city of Aurora presents high-paying job opportunities in the Bioscience & Healthcare industry as well as the Aerospace & Defense industry.
HubSpot Contact Form
An accredited investor must meet one of the following: 1) An annual income of at least $200,000, or $300,000 when combined with spouse’s income; 2) Holds a valid Series 7, 65, or 82 license; 3) Has a net worth of >$1 million, excluding value of a primary residence.


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Trailpoint on Highline on Map