Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 2000
Building Area
Number of units 414

Property Description

JLL is pleased to present the exclusive listing of Pilot House, a 414-unit apartment community located in one of Denver’s most highly coveted and supply-constrained submarkets of Lowry. 


Ideally positioned along the highly-trafficked Alameda Avenue, Pilot House represents a unique investment opportunity with proven upside potential. Current ownership has completed substantial renovations to the property, inclusive of common area upgrades such as a full clubhouse remodel and the rebuilding of the outdoor pool and spa area, as well as upgrades to unit interiors. In total, 66% of the units have been renovated, with ownership achieving monthly rental premiums of up to $175.

 

Pilot House’s upside potential is strongly supported by both the desirability of the Lowry area, its proximity to Denver’s urban core, and the access to high-quality employment opportunities, including Cherry Creek, the Fitzsimons Medical District, Downtown Denver, and the Southeast Business Corridor – all within a 15 minute drive.  Pilot House’s location provides residents with convenient access to the neighborhood’s eclectic mix of parks and recreational destinations, as well as the burgeoning retail and dining scene. The benefit of having access to Denver’s urban core, strong employment accessibility, and an abundance of lifestyle amenities has drawn a highly affluent resident base to the area. Single-family home prices in the area have seen a 76% increase since 2010, and have continued to drive demand for high-quality and comparatively affordable apartment homes like those offered at Pilot House.

 

Continued strong demand for high-quality housing in the area combined with a lack of new housing supply is creating a dynamic that will continue to provide ample opportunity for rental growth at Pilot House for the foreseeable future.  

Investment Highlights

  • Prime Value-Add Opportunity
  • Unique Low-Density Environment
  • Highly Coveted Lowry Location
  • Excellent Employment Accessibility
  • Supply-Constrained Submarket with Strong Fundamentals
Last Updated Date: 23 Apr 2021
Jordan Robbins
Jordan Robbins
Senior Managing Director, Capital Markets
License details
CO-FA.40035669
Pamela Koster
Pamela Koster
Managing Director, Capital Markets

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

JLL, together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+601800819387
Last Updated Date: 23 Apr 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.