Not All Industrial Assets Are Trading at Frothy Prices
Many industrial users don’t need the property that is selling for ridiculously low cap rates. Quote by Jonathan Needell ...
January 14, 2022
Located in Glendale, Colo., One Manor Apartments features 103 apartments, a swimming pool, and laundry facilities.
Glendale, Colo. Kairos Investment Management Company has acquired One Manor Apartments, an affordable multifunctional property located at 625 S. One St. in Glendale. The terms of the transaction were not released.
Built in 1974, Forest Manor features 103 apartments in a mix of single studios, 74 one-bedroom and 28 two-bedroom units with air conditioning, carpeted floors, and spacious wardrobes. The property was last renovated in 2001. Community amenities include a swimming pool and laundry facilities.
Kairos plans to renovate the property by implementing interior and exterior upgrades, including interior repairs and upgrades to units, new flooring for the interior hallways, exterior roof repairs, pool renovations and common area amenities.
* 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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18101 Von Karman, Suite 1100
Irvine, CA 92612
(949) 709-8888
(949) 800-8500
investorreporting@kimc.com
Copyright © 2023 Kairos Investment Management Company | Disclosures
Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
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