Accretive Assumable Financing

Sloan’s Place is offered with accretive assumable financing that includes a 68% loan-tovalue

(LTV) ratio, a fixed 3.5% interest rate, and 81 months remaining on the loan term. This

financing structure provides a highly advantageous opportunity, offering low-cost debt capital, stability through its fixed-rate terms, and long-term amortization benefits. The below-market interest rate enhances both cash flow stability and overall profitability, particularly in a rising interest rate environment. Additionally, the loan’s 5.39% constant underscores its efficiency compared to alternative financing options, making it an ideal choice for investors looking to maximize returns while mitigating near-term refinancing risks.

Continued Demand for Relatively Affordable Housing

The market asking rent in the West Denver submarket is $1,843/month and has steadily

increased in recent years as the submarket continues to draw young, affluent professionals and families due to its proximity to downtown. The average proforma rent at Sloan’s Place is $1,404/month, which represents a 24 percent discount to the market asking rent in the West Denver submarket. Additionally, West Denver represents one of the more affordable submarkets in the metro area, with West Denver’s market asking rent being the eighth lowest out of 16 submarkets.

Development Pipeline Underscoring Demand

According to Yardi Matrix, there are more than 2,400 units across 17 properties that are either planned or currently under construction west of Interstate-25. In addition to the properties that are already planned or under construction, there are another ~3,800 units in various prospecting stages west of Interstate-25. The development pipeline west of Interstate-25, and more specifically, proximate to Sloan’s Lake, underscores the unparalleled demand for housing in the area. Existing C Class are well-positioned to capitalize on demand for rental housing in and around Sloan’s Lake, especially as newly built apartments are increasingly renting apartments at rates that price many tenants out of area.

Proximity to Desirable Area Amenities

Rapid development of the area immediately surrounding Sloan’s Lake underscores the

popularity of Sloan’s Lake as a neighborhood, and the west side of Denver as a whole. The delivery of Edgewater Public Market in 2019 illustrates the historic and sustained allure of the Sloan’s Lake neighborhood, and it is a pillar of the area that continues to attract new residents. Edgewater Public Market is an unpretentious food hall featuring eateries, cafes, and bars, as well as retail and wellness concepts. Edgewater Public Market currently offers 23 different food & drink concepts, 16 retail spaces, and four wellness experiences, in addition to numerous weekly events.

Excellent Visibility & Proximity to Major Thoroughfares

Located directly off Sheridan Boulevard in one of Denver’s most sought-after neighborhoods, Sloan’s Lake, Sloan’s Place offers excellent visibility from Sheridan Boulevard and proximity to Denver’s most alluring area amenities. Situated just north of the Sheridan Boulevard & Colfax Avenue intersection, Sloan’s Place offers excellent visibility from over 33,000 vehicles per day passing through the Sheridan Boulevard & W 16th Avenue North intersection. The location of Sloan’s Place ~300 feet from Colfax Avenue offers residents quick access to downtown Denver, which is only 3.7 miles away, less than 20 minutes by car. Both Colfax Avenue and Sheridan Boulevard offer excellent accessibility to other locations in the Denver Metro area, as well.

Significant Barriers to Home Ownership Driving Rental Demand

Colorado's rapid population and job growth, coupled with its high quality of life, have made it one of the country's top housing markets. Denver home prices rose over 34% from 2020 to 2023 and 55% since 2017. In the area around Sloan’s Place Apartments, the average home sale price in the last year was $696,192, making home ownership increasingly unaffordable. Renting at Sloan’s Place is 72% less expensive than buying nearby. The property’s prime location near Sloan's Lake Park, combined with strong local demographics, supports continued rent growth as home ownership becomes more out of reach for many.