Kairos Investment Management Company Joint Venture Acquires Office/Retail Asset Totaling more than 91,000 SF in Denver, CO

Real Estate Daily News and Commercial Sales Comps

August 30, 2022


Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments, has partnered with private real estate investment firm Harbor Associates to acquire The George, an eight-story office and retail property totaling 91,027 square feet in Denver, Colorado.

“This joint venture acquisition aligns well with our contrarian approach, through which we invest in overlooked markets that have a demonstrated pattern of growth,” says Carl Chang, CEO and Founder of Kairos. “In 2020, Denver was named one of the top moving destinations in the country and ranked among the top five U.S. cities for inbound growth. As large financial institutions become more cautious with their underwriting, our seasoned investment team will continue to carefully research areas of opportunity like Denver where Kairos can partner with firms to acquire assets with value potential.”

The George is a property that synchronizes with Kairos’ value strategy, which makes value-based real estate investments in strong recovery and growth markets by selecting assets primed for capital and operational improvements. As part of this strategy, Kairos plans to add value to the property by leasing up office spec suites within the building and exploring development of additional uses within the building, notes Jonathan Needell, CIO of Kairos.

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* 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.

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