The Harper

JLL has been retained as the exclusive investment advisor in the LENDER FACILITATED sale of The Harper, a 253-unit, seven-story mid-rise community located in the highly desirable Lowry submarket of Denver, CO. Combining scale, modernized quality, and connectivity, The Harper offers residents large patios with unobstructed city and mountain views, enhanced acoustic privacy through concrete construction, and direct access to the 71-mile High Line Canal Trail. Surrounded by a well-educated, affluent demographic base and positioned amid some of Denver’s strongest employment corridors, including Cherry Creek, Fitzsimons Medical District, Buckley Space Force Base, and the greater Southeast Business Corridor, The Harper captures durable demand from residents seeking a balanced urban-suburban lifestyle.

The Harper has undergone a comprehensive modernization with over $12 million spent in property upgrades since acquisition in 2021. Current ownership invested in extensive common area enhancements and a complete in-unit renovation to 100% of the units including upgraded lighting and hardware throughout, goose-neck faucets, white cabinet faces, stainless-steel appliances and vinyl flooring in the living areas. These renovations have positioned the asset as a competitive offering within the Lowry submarket, combining modern finishes and fully upgraded systems allowing new ownership to shift focus to operational enhancements in order to compete with new and recently delivered product within the area.

Situated within a limited supply submarket, The Harper is positioned for an outsized recovery, allowing a new owner to shift immediate focus to revenue generating operational enhancements given the significant prior capital infusion from current ownership. As one of Denver’s most established live-work-play locations, Lowry features more than 800 acres of parks and open space, the Hangar 2 Dining District, and unmatched proximity to premier retail and entertainment destinations. With average home values nearing $800,000 within a 5-mile radius, significant barriers to homeownership continue to propel the “renting for longer” trend.

The Harper presents the compelling opportunity for new ownership to acquire a well-maintained concrete construction asset of scale in a high-growth, limited supply submarket with immediate operational upside at a significant discount to today’s reproduction cost.