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Phoenix & Southwest  + Southwest  + Opportunity Zones  | 

Cresset-Hines Advance 11-Story Denver Opportunity Zone Development

Cresset Partners and Diversified Real Estate Capital closed a loan allowing construction to start on the Residences at RiNo multifamily development in Denver. This Cresset Diversified QOZ Fund (Fund I) investment marks the fourth joint venture between Cresset Diversified and Hines, representing more than $750 million in opportunity zone developments around the country.

Residences at RiNo is a build-to-core multifamily real estate project located in North Wynkoop, a premier master-planned district. It is the only available multifamily development site within the master plan, which is located in a qualified opportunity zone just north of Downtown Denver. The property will be an 11-story, mid-rise residential building with 397 units, ranging between 542 and 1,715 square feet.

Cresset’s Avy Stein says, “This project’s positioning in the River North neighborhood of Denver, which is set to see an influx of growth, provides a one-of-a kind exclusive opportunity for our investors.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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