Fund III

The Fletcher Southlands

Aurora,

CO

Equity Invested to Date
$8,955,508
Asset type
Multifamily
Investment Objective
Value Add
Investment Date
January 2018
Realized IRR
30.20%
Realized Net Multiple
2.25x

Investment Summary

The Fletcher Southlands is a 320-unit, Class A, multifamily asset in the Southeast submarket of Denver, Colorado, acquired off-market. The property features one to four bedroom units and a wide variety of family friendly amenities such as a resort-style pool, 24/7 fitness center, kids playroom, soccer field, and dog park. Our investment strategy is to rebrand the asset and implement a capital improvement plan to increase below market rents. Our capital improvement plan includes renovations to unit interiors, clubhouse, fitness center, and pool. The renovations will focus on modern finishes and creating a family friendly environment.

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