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Year Built 2002
Building Area
Occupancy 97.0 %

Property Description

Crestone, a 234-unit gardenstyle apartment community conveniently located at the heart of the Havana Street retail corridor in Aurora, Colorado. Originally constructed in 2002, Crestone features a desirable blend of one-, two- and three-bedroom units, of which, 86% have been renovated.

Investment Highlights

  • Crestone presents an opportunity to acquire a strong performing, value-add
  • asset with clear upside potential through a strategic renovation program on
  • the remaining classic units, along with additional income drivers through the
  • implementation of CAM chargebacks, covered parking, and interior corridor
  • upgrades. Current ownership has recently spent approximately $1M on nonrevenue
  • producing capital expenditures, allowing a new investor to solely focus
  • on income-driving upgrades.
Last Updated Date: 08 Sep 2020
Jordan Robbins
Jordan Robbins
Managing Director, Capital Markets
License details
Jonathan Polster

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Last Updated Date: 08 Sep 2020

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