First Acquisition of the Ninth Square Denver Multifamily Opportunity Fund
/We are pleased to announce the successful closing of 1326 Corona Street, the first acquisition, of the Ninth Square Denver Multifamily Opportunity Fund. This transaction marks an important milestone in our strategic initiative to acquire and enhance multifamily properties in prime central Denver locations.
The property, located at the nexus of the desirable Cheesman Park and Capitol Hill neighborhoods, is an 11-unit interior walk-up building acquired at an attractive basis that represents a significant discount from peak market prices. This acquisition underscores our commitment to identifying undervalued assets with significant upside potential.
Our value-add strategy will include comprehensive renovations to the exterior, interior and units as well as more focused management to elevate the property's performance and market positioning.
We are excited to begin the transformation of 1326 Corona Street, delivering premium living experiences for our residents and strong risk adjusted returns for our investors.
For further details on this acquisition or to learn more about our current pipeline of investments, please contact us at info@ninthsquarere.com or click the button below:
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