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Origin Investments Buys Denver MF for $72M

Chicago-based Origin Investments and Aegon Real Assets US completed the $72.175 million off-market acquisition of Advenir at Saddle Rock, a 320-unit apartment complex in suburban Denver. The 95%-percent leased property is comprised of 96 one-bedroom, 116 two-bedroom, 88 three-bedroom and 20 four-bedroom units in a series of 13 three-story buildings.

The acquisition of the multifamily asset located at 22959 E. Smoky Hill Rd. in Aurora represents a classic value-add investment approach. The complex was developed in 2002, and is at the point in the ownership cycle where substantial capital investments are necessary to keep it well-positioned in its competitive set.

Origin Investments’ Thomas Briney says, “Through the commitment of material capital improvements to refresh the complex, we believe there is great long-term potential to elevate the positioning and stature of this community.”

It is the first time Origin has partnered with Aegon in an investment.

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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