Rittertime is working with a sponsor who is seeking $1 million for the remaining equity contribution for the cost of vertical construction on a 24-unit multifamily development located in a Qualified Opportunity Zone (“QOZ”). The General Partner has already pulled permits and is planning to start the general contractor work on March 1st, 2021. Their goal is to complete construction by the end of the year, and lease up should be complete by the end of March, 2022.

Lakewood, Colorado a suburb of Denver is one of the most highly sought-after areas in Colorado for Real Estate. A strong economy, scenic views and proximity to downtown Denver, make it a magnet for families and young professionals.

INVESTMENT HIGHLIGHTS

• QOF Tax Advantages: This investment opportunity enables an investor to temporarily defer capital gains tax from the sale of real estate, stocks, bonds, or cryptocurrency, and reduce the capital gains tax amount by up to 10%. In addition, there will be no capital gains tax on any appreciation earned from this project.
• Excellent Location: Lakewood, Colorado is five miles west of downtown Denver and sits between Denver and the Rocky Mountain foothills. This suburb is often considered one of the best areas to live in the Denver area, and the site is conveniently located between two light rail stops.
• Limited New Supply: Lakewood passed a limitation on new residential construction to 1% of supply each year, which will significantly limit new multifamily supply and future competition.







INTERESTED?

We would love the opportunity to share more about this exciting project with you. The next step is for us to set up a short call to go over all of your questions and concerns as well as share with you key information that will aide you in your review of Dry Gulch Commons.

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