On June 28, 2022, Fund IV acquired Terracina Apartments (“Terracina”) in Broomfield, Colorado. This 386-unit community provides an opportunity to acquire a sizeable community in a desirable, growing and exclusive submarket. Terracina is optimally located within the city and county of Broomfield, metro Denver’s fastest growing county since 2010. Situated between Denver and Boulder, Broomfield attracts affluent, well-educated residents due to its proximity to major employment centers.
The property was built in 2010. It offers one-and-two bedroom floorplans. Select units feature lofts. All units benefit from laminate countertops, hardwood-style flooring, nine foot vaulted ceilings, private balconies and patios, and full-size washers and dryers.
Fund IV plans to renovate all unit interiors with modern, luxurious finishes to provide an upscale living experience to its residents. All indoor and outdoor amenities will also be augmented with luxurious upgrades.