Total Property Units
400
Acquisition
2011
Status
Sold

Meadows Apartments

2204 Deercross Dr, Louisville, KY 40220

38th & Huron is a shovel ready, to- be-built, 427-unit multifamily development located at 805 W. 38th Avenue – a rare cornerstone development opportunity in the burgeoning Fox North neighborhood of Denver, CO.

Located just north of Downtown, FoxNorth is experiencing explosive growth due to its zoning density, prominent visibility and incomparable connectivity to the best that Denver has to offer. The premier location sits just off 38th avenue (20,000 vehicles per day) and Interstate 25 (261,000 vehicles per day) and is one block from the 41st and Fox light rail station and one stop from Union Station (5 -minute travel time).

  • 23.8% Property level leveraged IRR

  • 2.2X Levered Equity Multiple

  • 6.0% Untrended Yield on Cost / 6.8% Trended Yield on Cost

  • Debt Yield 11.9%

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