Englewood, CO – Jackson Square Properties, a San Francisco Bay area based investment firm, has acquired The Rail at Inverness, a 219-unit garden-style community from a joint venture comprised of Holland Partner Group and an affiliate of Heitman LLC. David Martin, Pamela Koster, and Mike Grippi of Moran & Company, represented the seller in the transaction.
The Rail at Inverness is a well-designed garden-style apartment community built in 2007, with nine floorplans ranging from 640 to 1,101 square feet. The property consists of 9 rental buildings situated across 7.63-acres. Located at 10001 E. Dry Creek Dr. in the epicenter of the Denver Tech Center, the site boasts convenient access to a diverse industry base and major employment centers, a robust retail market, exceptional transit connectivity at the Dry Creek Station, and access to the highly desirable Cherry Creek School District.
Moran & Company’s David Martin notes that “Given the property’s highly desirable location in the Denver Tech Center, and within the Cherry Creek school district, it is already very well positioned for future rent growth and value creation. The Rail at Inverness can easily be positioned to generate additional cash flow as a unique core-plus investment opportunity through completed renovations.”
About Jackson Square Properties: Jackson Square Properties is a private Real Estate investment company located in the San Francisco Bay Area that specializes solely in the purchase and ownership of Multi-Family apartment communities. Founded in 2004 Jackson Square Properties has expanded over the years to own a diverse pool of multi-family assets totaling over 70 communities with 20,000 units in 9 states and a value over 3.8 billion dollars.
About Moran & Co: Moran & Co. (www.moranandco.com) is a Chicago-based transaction services firm specializing in the sale of institutional-quality multifamily properties including Class A and value-add opportunities. Moran has offices in Irvine, Calif., Dallas, Chicago, Denver, Seattle, Washington D.C. and Atlanta.