The Apartments at Denver Place

Year Built: 1983
Year Purchased: 1985
Year Sold: 2005
At Purchase Occupancy: 35%
At Sale Occupancy: 98%
Units: 193 one and two-bedroom furnished and unfurnished apartments.

The Apartments at Denver Place sat above the Embassy Suites Hotel and occupied floors 20 through 31 of a 31- story tower in Denver’s CBD. Residents of the Apartments enjoy the benefits of the hotel’s services and extreme amenity base in the vicinity of the property. Crestone’s principals performed asset management, construction management and property management functions for the Apartments during the entire tenure of Amerimar Realty’s ownership of the asset. Because of the Apartment’s location, views and high-level of services, and amenities, they always enjoyed high occupancy levels and cash flows.

The Apartments at Denver Place were sold at a substantial profit in 2005.

The Apartments at Denver Place sat above the Embassy Suites Hotel and occupied floors 20 through 31 of a 31-
story tower in Denver’s CBD. Residents of the Apartments enjoy the benefits of the hotel’s services and extreme
amenity base in the vicinity of the property. Crestone’s principals performed asset management, construction
management and property management functions for the Apartments during the entire tenure of Amerimar Realty’s
ownership of the asset. Because of the Apartment’s location, views and high-level of services, and amenities, they
always enjoyed high occupancy levels and cash flows.