New Ghost Kitchen Format Features a Vertical Conveyor Belt
Technology will help restaurants facilitate inbound to-go orders and distribute them to lockers for pick-up or to the ground...
January 17, 2022
Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Forest Manor Apartments, a 103-unit affordable multifamily property in Glendale, As part of KIMC’s value-add strategy with affordable housing, the company plans to renovate the asset by implementing interior and exterior upgrades aimed at elevating the apartment community’s aesthetics, as well as increasing its market value. Planned changes include interior repairs and upgrades to units, new flooring for interior hallways, exterior roof repairs, pool renovation, and common area amenities.
“Kairos is constantly looking for markets similar to Glendale, Colorado, where there is a strong demand for quality and expertly managed affordable housing communities. In these areas, which tend to be less efficient and competitive, we can apply our differentiating management strategies to provide what we believe to be much-needed and superior affordable housing” says Carl Chang, CEO and founder of KIMC. “Identifying markets that have experienced significant population growth in the last several years yet have been unable to meet the need for affordable housing, enables us to acquire properties within these areas and improve them and bring them up to market value. This is a win-win for all, as those seeking quality affordable housing can live in such communities while we look to maximize property value.”
Forest Manor is located close to Cherry Creek and downtown Denver, only 40 minutes from the Denver International Airport, and provides convenient access to bus stops along Route 83. It is also in close proximity to the University of Denver and other highly rated schools within the Cherry Creek School District.
In addition, residents enjoy convenient access to outdoor amenities such as museums, historical parks, and a variety of shopping and dining locations, all within walking distance or accessible by nearby public transportation services.
“As the Glendale area has quietly become an up-and-coming city in Colorado, we are pleased to be at the forefront of this emerging market with this latest acquisition,” says Jonathan Needell, president and chief investment officer of KIMC. “The neighborhood offers people the peace and quiet of a small town, while simultaneously giving them access to all that Denver has to offer. With our management strategy implemented, Forest Manor will offer residents quality and budget-friendly apartment homes not far from the bustle of downtown Denver.”
Built in 1974, Forest Manor has successfully held a strong occupancy rate of almost 90 percent. The property, which was last renovated in 2001, offers residents a mix of a single studio, 74 one-bedroom, and 28 two-bedroom units fully equipped with air conditioning, carpeted floors, and spacious closets. Shared amenities include access to a swimming pool and laundry facilities.
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
Technology will help restaurants facilitate inbound to-go orders and distribute them to lockers for pick-up or to the ground...
Done Deals January 24, 2022 Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments...
Multifamily Executive November 7, 2022 Keeping your renters engaged is critical not only for resident satisfaction, but also for...
Interview by Jonathan Needell | Institutional Real Estate, Inc December 3, 2020 Jonathan Needell, president and CIO of KIMC,...
CoStar February 28, 2022 A California firm that targets value-add real estate for investment has snapped up an affordable...
Bisnow August 31, 2022 Kairos Investment Management Co. partnered with private real estate investment firm Harbor Associates to acquire...
Multifamily Biz December 3, 2021 Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments...
REBusiness Online February 21, 2022 Rancho Santa Margarita, Calif.-based Kairos Investment Management Co. has acquired Walton Crossing, a 238-unit...
30242 Esperanza
Rancho Santa Margarita, CA 92688
(949) 709-8888
(949) 800-8500
investorreporting@kimc.com
Copyright © 2022 Kairos Investment Management Company | Disclosures
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/