Edison at RiNo Apartments

JLL as the selling agents are pleased to present Edison at RiNo, located at 3063 Brighton Blvd, Denver, CO 80216.

This is a unique opportunity to own a prestigious 277-unit Class A apartment community in Denver's vibrant River North Art District (RiNo), completed in 2018. Positioned at a significant discount to replacement cost, Edison at RiNo is poised in a thriving locale favored by Denver’s affluent young professionals. The influx of institutional capital in RiNo, with its burgeoning state-of-the-art offices and retail developments, marks this asset as a compelling investment with long-term demand stability.

Edison at RiNo spans 234,412 SF across 9 stories, offering a mix of studios, one, two-bedroom units, and townhomes, with a 91% occupancy rate. Average rents stand at $1,978 per unit, with rent per square foot averaging $2.33. The property includes 346 parking spaces, fostering a premier urban living experience with contemporary amenities including a resort-style pool, multiple resident lounges, and a modern fitness center.

Strategically nestled on Brighton Boulevard, Edison at RiNo offers seamless connectivity to Denver’s CBD and a dynamic live-work-play environment, amid RiNo’s remarkable 305% population growth since 2010. The area is further catalyzed by considerable developments such as the Steel House and 38th & Blake Station, reinforcing its appeal to high-income demographics.

Investors can capitalize on the property's enduring appeal, low rent-to-income ratio (20%), and the rising barriers to homeownership in the area. With high demand for upscale living and limited new supply, Edison at RiNo is excellently positioned for outsized rent growth and sustained value creation.