Available to Registered Users
Northstar Commercial Partners (“Northstar”) is pleased to present Phase II of the Citadel on Colfax, where in addition to providing attractive returns to investors, Northstar has the opportunity to serve the men and women in its communities who have already served proudly in our country’s Armed Forces. Northstar is developing a place-based initiative in Metro Denver to achieve a stronger and more supportive community, in order to improve the outcomes for local veterans.
This investment has been structured to offer investors the opportunity to co-invest alongside Northstar to make a significant impact on the community. Colfax and Sable, LLC, an entity formed by Northstar, currently owns a vacant land site totaling ±25.6 developable acres in a prime location in the Aurora suburb of Denver, Colorado, USA. This will be a mixed-use development containing hospitality, retail, market rate multi-family and a veteran multi-family component (the “Project”). Northstar will be the master developer of the site and will deliver the horizontal development of the site to facilitate pad sales to users and other developers, and will also construct 16,000 SF of retail.
Investors in this Project are projected to receive a 25.09% IRR over a four year hold period.
Available to Accredited Investors:
The existing site is located at the South East Corner (SEC) of Colfax Avenue and Sable Boulevard, Aurora, CO 80011 (the “Property”). It is presently an undeveloped 25.65-acre parcel consisting of two adjacent lots, which are separated by the Granby ditch. Northstar is currently working with City of Aurora to determine how to make this ditch a feature within the Project, while accounting for the intent of the ditch. The Property is located less than 1.5 miles from the Fitzsimons Life Science District (the center of Colorado’s bioscience practice and research community), the University of Colorado Denver’s Anschutz Medical Campus, and the Children’s Hospital of Colorado. The site is also approximately 0.6 miles from the future Veterans Affairs Hospital, and only 0.5 miles from the Colfax and I-225 Light Rail Station (providing easy access to Denver International Airport and Downtown Denver).
Available to Accredited Investors:
Below are some of the most frequently asked questions about this offering.
|LAND COST||INPUT||COST ($)|
|Land Closing Costs||-||$30,000|
|Acquisition Fee||Acquisition Fee (3.0%)||$232,500|
|Land Loan Interest||-||$1,046,250|
|Land Loan Origination Cost||-||$69,750|
|Phase I Step Up Accrued Return||-||$884,531|
|TOTAL LAND COSTS||$10,013,031|
The first projected distribution is scheduled for February 2019.
Distributions are scheduled to go out on an annual basis.
Yes, non-US residents are welcome to apply.
RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.
RealCrowd offerings are open to accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.
RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.
Send Northstar Commercial Partners and/or RealCrowd a message. If you have a question about this offering ask Northstar Commercial Partners. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.
In the meantime, you can create an account to view detailed information about Citadel on Colfax.
In the meantime, please review the offering documents and financials.