Trailbreak to Start Work on 295-Unit, $160M Denver Rental Community

Trailbreak Partners will soon break ground on Kaia Residences, their newest 295-unit rental community with 19 affordable units. The 18-story, $160 million project features a mix of studio to three-bedroom apartments, street-level retail, and wellness-focused amenities, including a Nordic cold plunge and sauna, as well as services such as massage and acupuncture.

Affinius Capital originated a $111.5 million loan to Trailbreak Partners to finance the ground-up development at 808 N. Lincoln St. in Denver’s Golden Triangle neighborhood. A Trailbreak analysis says Kaia Residences is the first multifamily project to be financed and break ground in the area in the past 14-15 months.

On its website, Trailbreak Partners says its investment criteria concentrate its efforts in the Rocky Mountain West and Sunbelt for projects between $20 and 150 million.

Affinius says it has a diversified portfolio across North America and Europe, with a 40-year track record and $64 billion in gross assets under management.