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.”
Dennis Kaiser is Vice President of Content and Public Relations for
Connect Commercial Real Estate. Dennis is a communications
leader with more than 30 years of experience.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.