SIGNIFICANT SCALE WITH VALUE-ADD OPPORTUNITY

Park Place at Expo represents a rare opportunity to acquire a 319-unit multifamily community of institutional scale in a prime infill Aurora location. The property’s size and visibility provide meaningful operational leverage and cost efficiency, while its current operational distress offers new ownership the ability to unlock significant value through lease-up and stabilization. With vacancy currently elevated at roughly 37%, the asset offers more than $1.15 million in potential effective income growth once occupancy normalizes — providing an exceptional opportunity to capture outsized returns relative to basis.

ATTRACTIVE ASSUMABLE FINANCING

The property benefits from a highly accretive assumable loan featuring a fixed 4.26% interest rate, 70%+ loan-to-value, and full-term interest-only payments through December 2028. In today’s high-cost debt environment, these loan terms are materially more favorable than what could be achieved through new financing, providing immediate cash-on-cash advantages and a compelling entry point for investors seeking yield without near-term refinance risk. The assumable debt also allows buyers to allocate capital more efficiently toward value-creation initiatives at the property.

THOUGHTFULLY UPDATED INTERIORS AND MODERN DESIGN APPEAL

Park Place at Expo features a diverse mix of renovated units showcasing hard-surface vinyl flooring, contemporary shaker cabinetry, updated countertops, modern lighting and fixtures, and select units with walk-in closets and new two-panel doors. These upgrades create a refreshed aesthetic and allow for premium rent positioning within the submarket. The property’s blend of classic construction and modern design resonates strongly with today’s renters, who continue to prioritize attainable housing options with high-quality finishes and convenient amenities.

COMPREHENSIVE AMENITY PACKAGE PROMOTING A MODERN LIFESTYLE

The community’s amenity set rivals that of newer Class B+ assets, highlighted by a resort-style heated pool and sundeck, fully equipped fitness center, basketball court, playground, multiple grilling stations and picnic areas, and a clubhouse with a business center and complimentary Wi-Fi. Multiple laundry facilities, package acceptance, on-call courtesy patrol, and ample off-street parking further enhance the resident experience and contribute to long-term tenant retention. This full amenity suite supports a true live-work-play lifestyle appealing to a wide renter base.

PRIME AURORA LOCATION WITH DIRECT CONNECTIVITY TO MAJOR EMPLOYMENT HUBS

Positioned just off South Havana Street and minutes from both I-225 and East Alameda Avenue, Park Place at Expo offers unrivaled access to Denver’s top employment corridors, including Fitzsimons Life Science District and the Anschutz Medical Campus (13 minutes), Denver Tech Center (18 minutes), Denver International Airport (23 minutes), and Downtown Denver (29 minutes). This connectivity, combined with immediate access to the Havana retail corridor, positions the asset to benefit from Aurora’s ongoing economic expansion and sustained renter demand from healthcare, education, and service-sector professionals.

ADJACENT TO EXPANSIVE EXPO PARK AND REGIONAL TRAIL SYSTEM

Residents enjoy a serene park-like setting adjacent to Expo Park — a 57-acre public amenity featuring an 18-hole disc golf course, sports fields, tennis courts, playgrounds, and direct connections to the High Line Canal and Westerly Creek Trail systems. This rare adjacency to a regional open-space amenity adds long-term lifestyle value and strengthens leasing appeal for residents seeking access to recreation and green space without sacrificing urban convenience.

TRANSIT-ORIENTED AND HIGHLY ACCESSIBLE

The property is located just eight minutes (2.9 miles) from the Aurora Metro Center Station, offering residents convenient access to the RTD R-Line light rail system, which provides direct connections from Peoria Station to Lincoln Station in the Denver Tech Center. The R-Line links to the A-Line at Peoria, connecting Downtown Denver and Denver International Airport. This multimodal access enhances mobility for residents and broadens the renter pool drawn to the property.

SUPPORTIVE SUBMARKET FUNDAMENTALS AND FAVORABLE DEMOGRAPHICS

Within one mile, average household income exceeds $79,000, and household growth is projected at 2.3% through 2029 — well above metro averages. Aurora continues to experience strong in-migration driven by employment expansion, relative affordability, and proximity to major job nodes. Park Place at Expo is positioned to capitalize on these demographic tailwinds as renters increasingly favor attainable housing options offering upgraded interiors and amenity-rich environments.

AFFORDABILITY ADVANTAGE AND HIGH BARRIER TO HOMEOWNERSHIP

The property offers a 51% discount to the cost of homeownership based on nearby single-family and condo sales within one mile. With for-sale home prices having risen ~53% since 2017 and mortgage rates remaining elevated, the relative affordability of Park Place at Expo supports durable occupancy and continued rent growth. This affordability advantage, combined with the property’s location and quality, makes it an attractive long-term hold for investors seeking income stability and appreciation potential.