DENVER – Transwestern Investment Group (TIG) today announces it acquired a 4.5-acre land site on behalf of a joint venture between TIG’s core separate account and Amstar. Located at 2785 Speer St. in Denver, the site is the future home for a 332-unit, mid-rise multifamily project with 10,653 square feet of first-floor retail space.
“There is currently a strong demand in Denver for rental housing with a walkable location in proximity to major employers,” said Collin Comer, managing director of acquisitions at TIG. “2785 Speer St. is well-located in the Highlands area of Denver, approximately two miles from the Central Business District, making it an ideal location.”
TIG sourced the deal through its relationship with Allied Realty, a proven, high-quality developer in the Denver area. The investment structure eliminates downside risk due to Allied taking completion and construction cost overrun guarantees.
Transwestern Investment Group is an independent investment management affiliate of the Transwestern family of companies. TIG currently manages $500 million in institutional real estate investments on behalf of its discretionary and non-discretionary clients. TIG is a registered investment advisor.
ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group is an investment advisor serving a broad range of investors through a diversified array of discretionary and non-discretionary investment vehicles. Our client-focused, relationship driven approach ensures our priorities are our clients' investment objectives. Trust, integrity and transparency are the cornerstones of our business. Transwestern Investment Group provides tactical investment management with an integrated operating platform through the Transwestern family of companies, which includes a diversified real estate services firm with 34 U.S. offices and a development company. For more information, please visit transwesterninvest.com.