Tangent & Monaco

JLL Capital Markets has been retained as the exclusive investment advisor in the sale of Tangent Apartments (“Tangent”) & Monaco Row Apartments (“Monaco Row”), two unique assets located less than a mile apart, entrenched within Denver’s largest employment center. Tangent (140 units) & Monaco Row (196 units) are owned and operated by the original developer, who executed on delivering two premier assets, with expansive floorplans, high-quality finishes and resort-quality amenities in one of Denver’s most dynamic and sought-after locations of residence. THE PROPERTIES MAY BE ACQUIRED AS A PORTFOLIO OR ON AN INDIVIDUAL ASSET BASIS.

Originally completed in 2018, Tangent features top-of-the-line, institutional quality unit finishes and comprehensive amenities, all within a boutique mid-rise development. With recent deliveries in the Tech Center submarket resetting high watermark rental rates for the area, Tangent is well positioned to close the evident rental disparity through a core-plus investment strategy, as current in-place rents at the property are $0.50 - $0.75/PSF below relevant competition, on average.

Monaco Row is a unique, low-density, garden-style product consisting of one and two-bedroom floorplans, many with direct-access garages. Completed in 2013, Monaco Row presents a versatile strategy to continue to operate as-is or embark on a strategic renovation campaign throughout all unit interiors and common areas. With a ±$400 rental gap between Monaco Row and newer or recently renovated competition in the submarket, the property is well positioned to experience outsized renter demand and continued economic expansion upon completion of a targeted renovation program.

Tangent and Monaco Row are ideally located in Denver’s premier employment hub, offering direct access to the Southeast Business Corridor’s 34M SF of office space and 240K full-time employees. Impressively, the Corridor boasts office vacancy rates 10.6% lower and leasing activity 38% higher than the Central Business District. Positioned within an affluent area, where average household incomes reach $140K and home values near $950K, the submarket has experienced rent growth of over 28% since 2018. Residents also enjoy proximity to a wide range of shopping, dining, and recreation, as well as expansive views of Cherry Hills (home values range from $2-20M) and the Rocky Mountain Front Range.

BOASTING UNMATCHED, UNOBSTRUCTED ROCKY MOUNTAIN & CITY VIEWS

THE PHYSICAL AND LOCATIONAL CHARACTERISTICS OF TANGENT & MONACO ROW, THE UNIQUENESS AND DIVERSIFIED NATURE OF THE OFFERING, AND STRONG MARKET FUNDAMENTALS COUPLED WITH SUPPORTING DEMOGRAPHICS MAKE TANGENT & MONACO ROW TWO OF THE MOST COMPELLING LONG-TERM INVESTMENT OPPORTUNITIES IN DENVER.