39 months
7 acres / Approved for 116 duplex-style units
True Life Capital controlled this property for a period of 39 months, investing $4.4M into the project during that time. The original owner agreed to sell the property (via a purchase-and-sale agreement with TLC) for $9M. After TLC’s $4.4M investment, the builder acquired it for $12M, resulting in a $1.4M gross loss ($12M - ($9M + $4.4M) = -$1.4M). True Life Capital was able to orchestrate the transaction without directly owning the parcel, effectively controlling a $12M asset for an investment of $4.4M.
Fifteen minutes from downtown Denver, the parcel sits within the boundaries of the Westminster Public School District and is convenient to other public and private institutions, including Regis University. It also sits half a mile from the Regional Transportation District (RTD) FasTracks B Line Westminster Station.
Purchased by Core Spaces in January 2024