An Affiliate of Walton Street Originates a $73 Million Loan to 29th Street Capital for the Acquisition of Peakline at Copperleaf, a 266-unit Multifamily Community Near Denver

By: Walton Street Capital, L.L.C. via Business Wire

December 21, 2021 at 15:54 PM EST

An affiliate of Walton Street Capital, L.L.C. (“Walton Street”) originated a $73 million loan to 29^th Street Capital for the acquisition of Peakline at Copperleaf (the “Property”), a 266-unit garden-style apartment community located at 4343 S. Picadilly St. in Aurora, CO, a submarket near Denver. The Property is the second new vintage multifamily loan the affiliate of Walton Street has originated.

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Peakline at Copperleaf (Photo: Business Wire)

Built in 2021, the Property is currently 95% occupied and includes a variety of one, two and three-bedroom floorplans. The property features stainless steel appliances, stone countertops and subway tile backsplashes, spacious 9-ft. ceilings, wood style flooring, private balconies and patios and full-size washer and dryer. Community amenities include resort style swimming pool and spa, poolside cabanas and hammocks, 24/7 fitness center, bicycle lounge/repair shop, bocce ball court, onsite dog park and complimentary beer and wine taps in the clubhouse café.

The Property is located within an 850-acre master planned community, Copperleaf, which is zoned to the highly-ranked Cherry Creek School District and surrounded by high-end single-family homes with an average cost of $600k+. The community features extensive open space, parks and trails and is situated conveniently with connectivity to a number of Denver’s major employment centers.

In 2021, Walton Street affiliates have closed or are in process of closing loans on multifamily projects totaling approximately 6,036 units across multiple high-growth markets.

About Walton Street Capital, L.L.C.: Walton Street is a private equity real estate investment firm that, since its inception in 1994 through its affiliates, has raised over $14 billion of capital commitments from a broad cross-section of sophisticated institutional investors. Walton Street’s principals have collectively acquired, financed, managed, and sold over $50 billion of real estate and have an average of 21 years of real estate industry experience. Senior management has collectively invested and managed both real estate equity and debt through several real estate cycles over five separate decades and more than 40 years, forging long-term and deep relationships with lenders, public and private real estate owners, operators, brokers, managers, and industry service providers. Through this diverse network, Walton Street has sourced over $10 billion in lending opportunities for its affiliates since inception.