Gateway at Arvada Ridge

JLL Capital Markets has been retained as the exclusive investment advisor in the sale of Gateway Arvada Ridge (“Gateway”), a 296-unit best-in-class modern luxe community situated within Arvada, CO. Originally completed in 2019, Gateway boasts unique one and two-bedroom floorplans and a diverse set of live-work-play focused amenities. Situated just 1-mile from I-70 and walking distance to the Arvada Ridge Station, Gateway provides residents with easy access to Olde Town Arvada and Union Station in the heart of Downtown Denver as well as the rest of RTD’s regional rail network.

Gateway’s commanding presence in the highly sought after west suburb of Arvada caters to a vast affluent demographic of residents seeking connectivity to both Colorado’s outdoor recreational amenities and a plethora of major employment hubs within Downtown Denver, Interlocken Business Park and the Denver Federal Center. The Arvada submarket has boasted stable and consistent rental demand historically with 40% rent growth since 2018 and average stabilized vacancy of 4.84% over that same period. Strong rental fundamentals driven by the exclusive cost of for-sale housing within Denver’s west suburbs ($700K+ Avg. 3-mile radius home value) has forced the growing sentiment of “renting for longer” serving as a catalyst for future rental growth. 

Gateway Arvada Ridge may be acquired as either a loan assumption or free and clear of existing debt. The existing debt of $61M features a well below current market full-term interest only rate of 2.75% maturing in February 2028. The aforementioned physical product attributes, highly sought-after suburban TOD location, and significantly below market assumable debt combine to make Gateway Arvada Ridge an extremely compelling investment opportunity in metro Denver.