CURRENT PROPERTIES

This three building property contains 185 apartments and was built in the early 1970s. Acquired in two separate transactions, these Glendale properties received a heavy value-add renovation to both the interiors of the apartments and the exterior tenant-focused common areas. Each building has an enclosed courtyard complete with gas grills, landscaping, fire pits or swimming pools, and shade pergolas.

Initially constructed in the mid 1960s to the early 1970s, this eight building property in Glendale was extensively renovated in 2015. There are 177 apartments on the property. The two largest buildings include enclosed courtyards that were completely redesigned to provide gathering spaces and entertainment areas that are in demand by current renters. The residents of all eight buildings have access to the amenities that include a separate, locked bike shelter.

This twelve building property located in Englewood contains 175 apartments and was built in two phases in the early 1960s and the early 1970s. The interiors of the the apartments are in the midst of a moderate improvement. The exterior includes an improved pool area and new leasing and community building.

This 58 unit new construction apartment building on the Southern end of Sloans Lake provides a lower-cost, high quality boutique alternative to residents suffering sticker shock in the Highlands neighborhood to the North. Located less than two blocks from the 2nd largest park in Denver and under 5 minutes to downtown, this property is poised to take advantage of the improvements of West Colfax and the redevelopment of the former St Anthony’s hospital site a few blocks to the east. This property is developed in partnership with Peak Development Group.

X2 at Sloans

The second phase of X at Sloans, X2 includes 46 apartments in a renovated office building and a new addition to the building. Poised to open to new residents just after the new year, X2 will share operations and amenities with its neighbor, X at Sloans. This property is developed in partnership with Peak Development Group.

Located in southeast Colorado Springs, Gardens at Hidden Creek includes 125 apartments spread over six buildings in a lush, mountain-like community. Incremental upgrades to the interior of the apartments complement the grounds and swimming pool to attract new residents in this area of Colorado Springs that is straining under very low vacancy and rising rents.

Walnut Land Holdings

Slipstream partnered with Peak Development Group and Kaplan Companies to acquired land in the RiNo area of Denver. Planning is underway for a new multi-family building that will offer both long and short term housing options. The one block proximity to the RTD’s A train that connects Denver International Airport with downtown’s Union Station, combined with the surrounding HUB, World Trade Center, and Industry developments provide a unique opportunity in a flourishing neighborhood.

King Street Apartments

This built-to-suit property less than one block from Regis University in northeast Denver will operate under a master lease to the University for the purpose of housing students, professors, and administrators. Catamount Constructors is building the property with a completion date prior to the start of the school year in the fall of 2018. The building will have 94 bedrooms over 29 apartments. Each bedroom will have its own bathroom and desk area.

EXITED PROPERTIES

172 South Clarkson

This 23 unit apartment building in the West Washington Park neighborhood of Denver received a full renovation in 2012.

  • The sale provided investors a 61% IRR and 2.60x ROI on their investment.

1520 South Albion

Located just west of Colorado Boulevard and Florida, this 23 unit building was fully renovated and sold in 2012.

  • The sale provided investors a 28% IRR and 1.52x ROI on their investment.

310 West Archer

This 17 unit apartment building in the Baker neighborhood just west of South Broadway in Denver was fully renovated in 2013. The interior finishes and completely redesigned courtyard provided a steady cash flow until sale in 2017.

  • The sale provided investors a 35% IIR and 3.20x ROI on their investment.

2633 West 25th

This 18 unit apartment building capitalized on the emergence of Jefferson Park as a desirable destination just outside of Downtown Denver. The property received a full renovation in 2013.

  • The sale provided investors a 38% IRR and 3.63x ROI on their investment.

410 Delaware

Located in the Baker neighborhood, this 17 unit property was fully renovated in 2013.

  • The sale provided investors a 42% IRR and a 3.29x ROI on their investment.

Route 40

This 1930s era building contained 28 apartments above 6,000 sqft of retail space that contained a laundromat. Slipstream completely renovated the apartments and the retail and installed two retail tenants. The neighboring lot went through the pre-development process to build a 5 story building and parking garage, yet the property was sold prior to commencing construction.

  • The sale provided investors a 31% IRR and 2.20x ROI on their investmen

© Slipstream Properties. All rights reserved.