Aliso Viejo, Calif. — Southern California-based Nelson Brothers Professional Real Estate, LLC has officially closed on The Auraria Student Lofts, a high-end, well-upgraded student housing property in what Nelson Brothers believes to be a prime location in the heart of downtown Denver.
The property is located just two blocks from the Auraria Campus. The campus is the largest in the state of Colorado and boasts a current enrollment of over 43,000 students hosting three institutions: the University of Colorado Denver, Metropolitan State University, and Community College of Denver.
Auraria Student Lofts was purchased for $40,145,000 as a Delaware Statutory Trust (DST) structure.
The Lofts consist of 438 bedrooms and 125 total units primarily of 2 and 4 bedroom units, each furnished with a full size bed, full size kitchen, loft style accents and numerous amenities, including beautiful city and mountain views. Students can enjoy a state-of-the-art fitness center, study and conference spaces and a large deck space with gorgeous downtown views, high-end barbecues and lounges.
According to Brian Nelson, Principal and Co-Founder of Nelson Brothers Professional Real Estate, “We love this acquisition. For students, they can get a newly renovated unit at an affordable rate just two blocks from campus while enjoying gorgeous mountain and city views and a prime downtown location within close proximity to just about everything a student could want; restaurants, bars, retail, Starbucks, Denver Broncos, etc. It’s a terrific living experience while going to school.
For investors, we’re confident the location and appeal to students will help keep the property well-occupied and cash flowing consistently year-in, year-out with the upside growth potential of a central downtown location in a growing economy.”
Centrally located in downtown Denver, the property is situated across the street from the Four Seasons Hotel on one side and the Performing Arts Center on the other, with numerous restaurants, bars, entertainment venues, shopping and nightlife within a few blocks. The renowned 16th Street Mall, a pedestrian mall lined with outdoor cafes, historic buildings, sparkling glass-walled skyscrapers, shops, restaurants and retails stores is just two blocks away from the Lofts.
Nelson Brothers Professional Real Estate was launched in 2007 offering individual investor direct ownership interests in institutional quality, professionally managed real estate. Nelson Brothers specializes in the acquisition, financing and ownership of real estate investments in the niche areas of student housing and assisted living investments. Nelson Brothers currently manages over $165 million in real estate and 19 properties across seven states.