Oversubscribed
Promenade at Highlands Ranch
Denver, Colorado
JCR's Founder & Managing Partner invests directly in every deal alongside investors.
Investment Details
All-in Cost: $27.0 million
Total Equity: $9.2 million
Projected Yield: 14.82% (2026 stabilized, I/O loan)
Target IRR: 28.28%
Exit Cap: 7.5%
Summary
JCR purchased Promenade at Highlands Ranch in Q2 2024 from a distressed office owner in 2024 at a 9.3% cap rate. JCR quickly repositioned the largest tenant who was dark but paying rent and leased the remaining vacancies within 1 year of ownership.