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LaSalle Completes Core Plus Acquisition in Denver’s Highlands Ranch

Legacy at Highlands Ranch, a 422-unit garden-style apartment community in Highlands Ranch, was acquired by LaSalle Investment Management on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (LPF). The seller and acquisition price were undisclosed.

LaSalle Property Fund’s Jim Garvey says, “Legacy at Highlands Ranch offers tremendous stabilized value along with upside potential associated with a modest renovation program. This acquisition advances our investment strategy of owning high quality assets located within markets that have a healthy demand/supply balance.”

Built in 1999 at 355 West Burgundy St., Legacy at Highlands Ranch presents the opportunity to renovate unit interiors and upgrade common areas to capture higher rents. The property offers convenient access to major employment centers, including Denver Tech Center and  Lucent Business Park, and is expected to benefit from an extension of the Light Rail into Highlands Ranch.

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.

  • ◦Sale/Acquisition
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