JLL has been retained as the exclusive investment advisor in the sale of Allure Apartments (“Allure”), a 252-unit, core-plus investment opportunity boasting expansive floor plans (± 1,010 SF on Avg.), situated within the coveted Cherry Creek School District in Denver, CO. Allure boasts unparalleled access to some of Metro Denver’s largest employment hubs including the Central Business District, Cherry Creek, Fitzsimons Medical Campus and the Southeast Business Corridor.
Current ownership has renovated all unit interiors at the property. Unit finishes include: Granite countertops, stainless-steel appliances, tile backsplash, and plank-wood style flooring. Given the current renovation scope and unique large floorplans, new ownership will benefit from strong renter demand competing with the limited “Class A” segment of the submarket. Furthermore, strong area demographics and lack of affordability in the for-sale market will allow residents to absorb future rent increases at the property in the near term.
Allure presents a unique core-plus opportunity for a buyer to acquire a high-quality, established asset in a dynamic suburban location within Metro Denver. Combined with a strong mark-to-market rental strategy and operational upside, Allure’s favorable access to major employment and lifestyle destinations make the property a compelling long-term, stable cash flow investment opportunity.
- EXPANSIVE FLOORPLAN LAYOUTS
- COVETED CHERRY CREEK SCHOOL DISTRICT
- ABUNDANT RETAIL & LIFESTYLE AMENITIES
- CENTRALLY LOCATED TO DENSE EMPLOYMENT HUBS
- FUTURE RENT GROWTH FUELED BY NEWER COMPETITION & LIMITED SUPPLY