Alexan Arista (Under Contract)

Moran & Company is pleased to announce the exclusive listing of Alexan Arista, a 358 unit luxury apartment community located in Broomfield, Colorado within the Northwest Corridor of Metro Denver. The property is offered unpriced and free and clear of any debt.

Investment Highlights

• Unsurpassed Northwest Corridor Location - The corridor, which runs along US 36, has the distinction of having the highest concentration of high-tech employers in all Colorado. Oracle, Level 3 Communications, Ball Corporation and IBM are just a sample of the companies that call this area home. The property is located just minutes from the Interlocken Advanced Technology Park - home to many of the companies listed above.
  
  
• Within a Master-Planned Community with a Strong Transit-Oriented Development (TOD) Element - Alexan Arista benefits from a location in the new 200-acre Arista development, which was built around the 1ST Bank Center and the Regional Transportation District's (RTD) modal transit station. Today, the station offers regional bus service to tenants of Alexan Arista. Future plans include a rail station minutes from the property as part of the proposed 41-mile Northwest Rail Corridor, part of RTD's FasTracks.
  
  
• Proven Long Term Apartment Market Fundamentals - Apartment buildings under construction are expected to deliver a lower-than-average 3,150 units during 2010. Most analysts agree that the pipeline of deliveries will remain constrained as Denver is a challenging market for new apartment development dues to barriers to entry, particularly in the Northwest Corridor, with its high land costs, increasing municipal tap and impact fees, onerous entitlement process, and rent levels well in excess of current market rents required to justify new construction.
  
  
• One of the Newest, Premier Properties in all of Metro Denver - Built in 2008 by Trammell Crow Residential, Alexan Arista is among the newest properties in the metro area. Luxury finishes include: slab granite countertops,9 feet+ ceilings, tuck under garages, and hardwood flooring.