3595 S Teller St, Lakewood, CO 80235
48 new residences. Red Rocks in 15 minutes, the mountains in under 30.
Targeting a 22.8% investor IRR, with Talus Properties putting in over half the equity and taking the first loss.
The 22.8% is a projected net investor IRR on a sample $500,000 position, from the offering's model. Not guaranteed.
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An existing building at a real address, not a raw-land bet: 48 residences in Lakewood, with the schools, groceries and highway already around it.
Downtown Denver is 15 to 20 minutes away, Red Rocks about 15, and US-285 is a minute from the door.
Talus Properties bought the building at about $66 a square foot, well below what it would cost to build new.
Distributions are structured quarterly and at exit, not as one check at the end.
Talus Properties puts in over half the equity, on the same terms as you. If the project underperforms, its money takes the hit before yours.
Talus Properties has two Colorado exits: Cherry Creek East in Denver, sold in 2014 at a 95.9% IRR, and Genesee Plaza in Golden, sold in 2016 at a 98.9% IRR. Past results do not guarantee future ones.
Talus Properties underwrites to the area's average rent, not the top comparable, so the model is not built on a best case.
$9.37Mtotal project cost, from the offering's model
$14.8Mprojected stabilized value, from the same model
48residences, 15 to 20 minutes from downtown Denver
Quarterlydistributions, and again at exit
A Colorado operator that buys the building, holds the general contractor license, and puts its own equity in first.
Accredited investors only. The minimum is $100,000. No obligation. Four quick questions, then pick a time for a call.
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