Login | Join Our FREE VIP Investor Group

REALTY411Guide.com

Serving the Real Estate Industry Since 2007

Read Our Latest Updates

Using Skip Tracing as a Real Estate Investor

By

By Joe Arias

As a real estate investor, especially a wholesale real estate investor, distress or abandoned properties are often the best homes to find under market value. Many of these homes, though, have owners who skipped town and are now just about impossible to find. Luckily, there’s a method for finding these homeowners called skip tracing. You can easily track down someone who has skipped town with no forwarding information through skip tracing as a real estate investor. Skip tracing will allow you to find the homeowner and move forward with a deal to purchase the property you’re after.

Quite a lot goes into skip tracing that you wouldn’t normally expect from real estate investors. You may have to do a little bit of digging to find the homeowner of the property you are looking to buy. Luckily there are tons of tools you can use to find someone who left absolutely zero breadcrumbs. Not only can you utilize search engines, but tons of websites have databases you can look through to find your person.

article continues after advertisement

What is Skip Tracing?

Essentially, skip tracing is the process of finding someone who has skipped town with little to no warning. They did not tell anyone where they were going and left no information on how to reach them. Despite this person leaving no trail, skip tracing is the process of searching for them or their contact information. To do this, one might hire a professional skip tracer or use their own savvy to try and locate them. There are quite a few tricks you can do on your own to find out where a person has gone even though they have not left any information. Many people utilize Google, social media, the post office, and other assets to find someone. This is considered skip tracing.

What are Skip Tracers?

There are professionals who are often private investigators, and they specialize in helping you find the owners of the properties who are incredibly hard to find. Many real estate investors hire the help of skip tracers to find the owners of properties they are interested in buying. These skip tracers typically start looking for a person by looking through public resources like utility bills, job applications, credit reports, DMV records, public property records, loan applications, background checks, and court records. They also carry out in-depth searches through multiple online databases that contain information not available to the public.

Although skip tracing costs money, it can be a huge benefit to any new or experienced real estate investor. Not many other real estate investors take the time or spend the money to hire skip tracers to find abandoned property owners. So, if there is a property owner who is extremely hard to find, you’re likely going to get to them first and have a better shot at buying the property. With competition for standard properties being high, using the method of skip tracing to beat competitors to vacant properties can be a massive advantage as you look to increase your portfolio and really start growing your wealth.

Why Do Investors Use Skip Tracing for Real Estate

As previously mentioned, abandoned homes can be really great for investors. The two investors who likely have the most interest in these homes are real estate wholesalers and real estate flippers. A wholesaler will offer the homebuyer an agreed-upon amount for the home, then they will find an interested buyer, likely another real estate investor, and connect the two. They will then make a profit based on a percentage of the final sale. While wholesalers are always on the lookout for houses that are under market value, it can be hard to get them against so much competition. When someone disappears and is hard to find, they significantly cut down the competition. Now, all the wholesaler has to do is find the homeowner and convince them to sell, and they have a profitable venture. Similarly, flippers are looking to buy homes like these because they have great potential to be repaired and sold for a large profit margin. Since all of the real estate flippers are after the same homes, finding properties like these can actually be a big break for some investors.

Is Skip Tracing Legal?

If you go through a professional skip tracer, the process is legal. Most states require skip tracers to be employed as independent private investigators who have a license with skip tracing certification options. States also have laws that dictate how you can use the information you got from skip tracing, which your skip tracer should expand upon based on your state. Make sure to only ever use a skip tracer who operates under all rules and regulations.

How to Use Skip Tracing for Real Estate

Skip tracing can actually be a very easy yet effective strategy to find property owners who have properties that are under market value. Essentially, you want to be able to find an alternate address for vacant property owners who are hard to find. From there, you’ll be able to contact them and see if they are willing to make a deal with you. Most people who have abandoned their properties are willing to accept fairly reasonable offers.

The hard part is that these property owners rarely leave details behind of their new address and contact information, so it’s almost impossible to find them once they’ve left. That’s why so many real estate investors either try their own hand in skip tracing or hire a professional.

One trick that many real estate investors try is using the United States Postal Service to get the property owner’s new address. What you do not want to do is walk into the post office and ask for their information. The post office is not obligated to provide you with their forwarding address. They are only allowed to give that information to law enforcement, licensed private investigators, or any other entity under court orders. So how do you get around this? All you have to do is send a letter addressed to the property owner at the address you wish to buy. Mail them a letter and on it, write “Do Not Forward – Return Service Requested.” Now that you wrote this, the post office will not be able to forward your letter to their new address and will have to return it to you. If they set up mail forwarding, you’re in luck! The letter will come back with a sticker on it detailing their new address. If it comes back with no address, that’s when you will have to look into skip tracing to find them.

article continues after advertisement

What to Try Before Hiring a Skip Tracer

If the post office trick didn’t work, your next step should be to use all of your resources before hiring and paying for a skip tracing service. Depending on what you need from the person, you may be able to do your own version of skip tracing and get what you need. For just an address or phone number, the internet may be your best tool.

Often information about someone can be found through a Google search, social media, or through the county assessor’s database. Many people even have their phone numbers linked to their Facebook profile without even knowing it. If they are the owner of a page or group, go into the info section and see if it has a contact email or phone number. Using social media, you may be able to look through their photos or connections’ photos and find out their new location. From there, do a Google search for their name and location and see if you can get an address or phone number. You may even be able to find them through a people search or a phone directory.

The following are a list of sites you can try to track down the property owner:

  • FindPeopleSearch.com
  • Pipl.com
  • TruePeopleSearch.com
  • PeopleSmart.com
  • PeekYou.com
  • YellowPages.com
  • AnyWho.com
  • TLO
  • Spokeo
  • Accurint

If you call a number and it’s not them, see if they have any connection to the person you’re looking for. You never know; sometimes, a dead end is just a redirection.

Hiring Skip Tracing for Real Estate Investments

Once you have exhausted your search to find the new address or phone number of the property owner on your own, you will have to look into skip tracing services.

Luckily there are plenty of skip tracing services to choose from. Speak with some of your real estate connections and see if anyone has had a good experience with a specific skip tracer. If you are unable to find a referral, do your own research. Read the reviews and make sure they look legitimate. Do not, no matter the price, hire a skip tracer who does not act ethically. It doesn’t matter how great the potential property investment is. It’s not worth breaking the law or involving yourself in sketchy practices.

Generally, skip tracing is not a very expensive service. Using a licensed investigator with skip tracing certification will only cost you around $25 per hour for their services. You could hire an unlicensed skip tracer for around $18 per hour, but it’s not worth the risk over such a small price difference.

What to Do If You Don’t Find the Owner

If you’ve exhausted all of your resources and you cannot find the owner of the property that you want to buy, just put this effort on pause. Move on to other projects and start looking for other properties that you find to be good investments. Add this property and any evidence you found into a spreadsheet where you can keep all skip tracing leads. After a few months, revisit your sheet and do a quick search on a few of the tools provided in this article. While there may not have been any information on the homeowner a few months ago, they may have down something to now appear in a search. Continue to do this every few months until either the property is sold, too run down, or you’ve moved on to different business ventures.

Summary

Skip tracing real estate is not for everyone. If you are a real estate investor looking to get into property management, you likely do not need to waste your time tracking down owners of abandoned homes. On the other hand, if you are someone who is just starting out in real estate, this might be a good thing to try. It could get you a step ahead of your competition, and you may be able to strike a really good deal with the homeowner, as they will likely be motivated to buy. If you are in the business of wholesaling or flipping homes, skip tracing is also something you may want to consider for your business. While it’s a lot more effort than other methods, it has a potentially great payoff if you succeed.

Joe Arias and his partners have flipped hundreds of properties in the Southern California Region. He has developed cutting-edge systems to simplify and scale the entire remodel process that can easily be applied to flipping, rentals, wholesaling, and other passive income strategies. More recently, Joe founded a real estate investing education company called RealSuccess Investments, allowing him to share his tools and systems with hundreds of up-and-coming investors. 

RealSuccess is focused on education on flipping, rentals, passive income, and wholesaling.

Joe is also a best-selling author. He has written 4 books: Finding your RealSuccess, First Steps to Flipping, R stands for Rentals and Retirement, and Wholesaling Real Estate.

“I came from Argentina when I was 20, I am 40 years old now. I didn’t know anyone, I am CERO generation, usually people say, I am first or second generation but I was the one that crossed the border, no language, no friends, no family, no money, nothing, nada… If I can do it, anyone can.”

From a young latino immigrant  to a celebrated real estate investor, Joe is a true testament to hard work and discipline. As an investor, he has made it his mission to help others achieve financial freedom while enjoying living a life of passion, fulfillment, and empowerment.

RealSuccess Website

www.ourrealsuccess.com

Personal Instagram: 

https://www.instagram.com/joeariasinvestor/

Real Estate Investment- Instagram: 

Instagram: https://www.instagram.com/realsuccesseducation/

Video For Finding Money from All Day Training (10 Hour Seminar)

https://vimeo.com/manage/videos/528446162

1 Hour Webinar

https://vimeo.com/manage/videos/530996751

Amazon Book#1:

Amazon Book#2

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Do You Need New Recurring Residential Properties?

By

A Realty411 Special Opportunity – Now you can access the best Property Leads on today’s market!

Dear Investor,

As one of Realty411’s trusted subscribers, you know that exclusive opportunities are the key to staying ahead in the market. That’s why we’re thrilled to present a limited-time offer tailored just for you, in partnership with our long time partner, U.S. Probate Leads!

Why Inherited/Probate Property Leads? Ask any serious investor, and they’ll tell you that some of their most profitable ventures have come from the inherited/probate property niche. Since folks first began buying and selling residential properties, inherited/probate properties have been recognized as the premier investment source for these properties.

article continues after advertisement

These are preowned properties that are being passed down to the next generation and are often available at a fraction of new housing prices. With new investor properties becoming more and more scarce, these leads have become a sought-after commodity.

Add a New Revenue Source Today

  • Up to 35% Off: Enjoy these premier leads at some of the most competitive prices ever offered.
  • 20% Off: Just for being a Realty411 member.
  • Monthly Recurring Leads: Consistent access to high-quality estate opportunities.
  • Motivated Sellers: Estate Executors and Heirs are looking for help.
  • Historical Data: As Low as $.75/rcd – Jumpstart your probate program with valuable historical information.

Limited Special Offer – Only for Realty411 Members

Realty411 members like you are part of an elite circle, the top 5% of investors who understand the value of exclusive data. Our two decades long partnership with U.S. Probate Leads means you can get access to high-quality, highly curated inherited/probate property leads every month.

These offers are exclusive to our community and represent the lowest prices for inherited/probate property lists seen in years.

Or call 972 945-0209 for more information

article continues after advertisement

I know Leon and his team have dedicated their time and energy to developing tools and systems that are proven to guide you on a successful path to real estate investing.

Don’t miss this opportunity to get potentially life-changing insights from one of the top real estate information providers I know.

Linda @ Realty411 Team

P.S. Whether you’re brand-new to the real estate game or you’ve already invested before… this Program is for you. The leads you’ll receive can help you level up faster and drive more success than you might be able to achieve on your own.

NEW ONLINE LIVE WEBINAR The ABC’s of Flipping Houses with Alton Jones, Rehabs2Riches

By

Please review our latest news.

Hello Investors,

Are you interested in Flipping Houses? If so, join us for our new online educational webinar.

Learn the ABC’s of Flipping Houses in California with expert real estate investor, Alton Jones, founder of Rehabs2Riches.

Discover the ins and outs of flipping properties in the Golden State. Whether you’re a beginner or a seasoned pro, this VIRTUAL event is packed with valuable tips and strategies to succeed in rehabbing.

Not based in California? Don’t worry, the educators have rehabbed properties throughout the nation! The information shared on this educational webinar can be applied to real estate transactions across the country.

Don’t delay and register for this online event — make the commitment to invest time to expand your knowledge about rehabbing properties.

Get ready to elevate your game and turn Rehabs into Riches!
Don’t miss out on this opportunity to level up your real estate game from the comfort of your own home. Learn how to turn rundown, ugly properties into profitable investments.

Please register and a Zoom link will be sent to you via email.

5th Annual Los Angeles Real Estate GRAND Expo

We are excited to announce our 5th Annual Los Angeles Real Estate GRAND Expo. The GRAND Expo returns on Saturday, October 26, 2024, 9:00 am to 6:00 pm. We’re taking over the entire Iman Cultural Center for the day.

Last year, the GRAND Expo was the largest real estate event in Southern California! We had over 800 investors, 64 vendors, and 12 national speakers. This year will be even LARGER! An entire day celebrating real estate investing and you can be involved. Best of all, the GRAND Expo will be FREE to attend.

In fact, we have sophisticated investors flying in from throughout the nation, and even internationally, for this special day. Our venue is transformed into a creative indoor/outdoor space with plenty of networking areas, food trucks, plus a coffee station.

SPEAKERS. There will be national guest speakers (in three breakout rooms). Here is a partial list of speakers:

1. Jonah Dew – “Learn to Multiply Your Money”
2. Eddie Speed – “Buying Discounted notes”
3. Steve Matley – “Syndication Know How”
4. Joe Arias – “How to Get Started Investing”
5. Christopher Meza – “Developing Raw Land”
6. Tony Watson – “Tax Advantages for R.E. Investors”
7. Lauren Wells – “Passive Income Strategies”
8. Marco Kozlowski – “How to Buy Lots and Lots of Houses”
9. Amanda Brown – “Invest in Commercial Real Estate”
10. Ken Letourneau – “Strategies from a Tax Sales Master”
11. Arturo Olivas – “Learn How to Create More Deals”
12. Steve Matley – “Do More Deals Bringing Partners Together”
13. Tim Emery & Jim Edenfield – “Top Secrets to Out-Of-State Investing”
14. Rick Sharga (Keynote) – Renowned Real Estate Economist

INVESTMENT EDUCATION. Just think of it! An all-day in-depth educational extravaganza celebrating real estate investing. Most importantly, this will NOT be a sales pitch. Each of the speakers have contractually agreed to educate and teach us successful real estate investing strategies. So regardless of whether you are a new investor, already own properties, or are very experienced, our GRAND Expo is for you.

COMPLIMENTARY PRIVATE CONSULTATIONS. As a special unique feature of our Grand Expo, you can sign-up for private half-hour consultations with your favorite guest speakers. Registration will occur Saturday morning, starting promptly at 8:00 am. First come – first serve. So come early and schedule your private consultations. A once-in-a-lifetime opportunity to get advice from national real estate experts.

VENDOR EXPO: Don’t miss our “Vendor Expo,” which will occur throughout the day in the North Hall. We’ll have 70+ vendors where you can “meet and greet” real estate professionals with services and products that you’ll want to utilize in your real estate investing. (If you have a product or service that would be valuable to real estate investors and would like to be a vendor, please contact us directly.)

FOOD TRUCKS. What would a Grand Expo be without food trucks? A day full of workshops, vendors, networking, and real estate investments demands sustenance, and we’ve got you covered. We’ll have 3-4 international food trucks in our central courtyard, plus a coffee wagon.

DATE: Saturday, October 26, 2024, 9:00 am to 6:00 pm.

LOCATION: Iman Cultural Center, 3376 Motor Avenue (between Palms and National), Los Angeles, 90034.

FREE PARKING: Street parking (free and metered). There are also two FREE parking structures just two blocks away. The first structure is at the northeast corner of Motor and Palms. The second structure is at the northeast corner of Motor and National. Valet parking ($15) is also available.

FREE ADMISSION: Admission to our Grand Expo is COMPLIMENTARY, but reservations are required.

PRODUCERS. The Grand Expo is joint presentation of the Los Angeles County Real Estate Investors Association, Sam’s Real Estate Club, Realty411.com, Women’s Real Estate Network (“WREN”), REI Wealth, and Greater LA-REIA.

Since 2007, Realty411.com has assisted top companies expand their visibility and grow their business. Contact us for a complimentary marketing session. Investors, do you have questions about real estate investing? Are you looking for a turnkey rental? Need a solid REI referral?
Book a meeting with a Realty411 team member: CLICK HERE.

Licensed Agent in California
DRE #01355569
The REAL Brokerage
DRE #02022092

The Power and Profitability of Workforce Housing

By

By William Moore, AIA
President, Portmanteau Partners, LLC

Workforce is a powerful word and something that companies and entire industries depend upon for their success and survival. Without a happy and highly functioning workforce, businesses would fail, and entire communities would collapse.

Because housing has become exponentially expensive, with no relief on the horizon, employers are increasingly searching for ways to leverage the power of their businesses to create housing at a rate that is attainable to their respective workforces. Increasingly, it’s critical for competitive companies and industry leaders to do all they can to provide their workforces with outstanding working conditions, including, a comfortable and affordable way of life.

article continues after advertisement

Nothing speaks more to a person’s contentment than having a place to call home. A relaxing and secure place to live is the foundation of anyone’s wellbeing. Companies that are attentive to this need and able and willing to provide conveniently located housing to their workers, will undoubtedly build a more efficient workforce leading to business stability, greater profits and a competitive edge.

Here are some of the important and sometimes mandatory considerations when it comes to designing and building quality workforce housing:

Design

It’s important to have an idea about what specific ‘work force’ the project will be serving. In the case of a corporate client, there is usually very specific information detailing the type of personnel they need to serve, as well as their income levels, familial status, lifestyles and personal needs.

For example, a multi-family project serving ski resort workers may be designed for a predominately twenty to forty-year-old, single-household demographic, whereas an agricultural or manufacturing facility may have more families with children. This demographic also determines the optimal site selection as it relates to recreation, religious centers, day-care, schools and other personal needs and conveniences.

Additionally, the target demographic would determine the unit mix of the project. For example, the family group would require more two and three-bedroom units whereas younger singles would be content with studios and one-bedroom units. The developer and partners also generally plan to hold the project for a longer period of time with operating expenses that may or may not be shouldered by the residents. This sets up a design challenge that is often different that traditional multi-family apartments projects where materials, equipment and energy-use decisions take on a heightened meaning.

Sensitivity and thoughtfulness around the community design is essential for the success of the project, as well. The recommendation is that the communities live on their own, with onsite or nearby amenities, design variation and aesthetic appeal. Commercial identity and branding associated with the company sponsor is eliminated, to avoid any feel of the historical, ‘company town’. The community as an autonomous, desirable ‘place’ supports the real estate value, and longevity of the project.

Municipal and Commercial Participation

The developer has a different primary stakeholder in this equation compared to traditional multi-family projects, providing a unique and incredible financial opportunity. Whether a municipal or industrial ‘partner’, the values of this new stakeholder are complementary to the Developer and are a welcome addition to the project equation. This new stakeholder also has a longer view of the outcome, desiring utility and service for decades, post-completion. A typical speculative project, in contrast, is required to meet a one-dimensional pro-forma with the singular goal of serving the highest-paying resident and doing so as efficiently as possible (i.e. as low as possible up-front cost). Both the developer and the equity investor of the typical spec’ multi-family project are often seeking to retire their position as quickly as possible.

article continues after advertisement

With the workforce project, often the industrial partner desires to control the project for as long as possible, gaining confidence in the knowledge of the quantity and status of housing it will have available, as the business needs grow.

What is compelling is that the demand side of the equation is also a participant in the financing component. The end user and their long-term goals are part of the industrial partner’s business model. Numerous avenues exist for these municipal and industrial partners to participate, and earn a favorable return on their investment, including:

1. Providing equity or lower-interest mezzanine loans,
2. Bringing some or all of the demand via various avenues, such as

a. Providing a rent credit to the employee for the subject property.
b. Directing employees to the project leasing agent.
c. Providing a rent guaranty to the Developer to assist in achieving favorable financing terms, in turn, lowering costs.

By supporting the financing of the project, employers generate a monetary (cash-on-cash) as well as a long-term growth return on their investment. Industrial and municipal investors gain the following:

1. Control of available housing for their employees.
2. Certainty of the quantity and types (for sale, for-rent) and program i.e. 2-bedroom, 3-bedroom units, etc.
3. Certainty of the cost of housing at present and into the future.
4. Monetary return on the investment through cash-flows and/or at disposition.

Many decisions about workforce housing will depend on site selection, unit mix, rental and sales rates.

As an Investment

The investor who would realize the highest value in workforce housing is a company or municipality that will derive an economic benefit from a happy, stable and secure workforce. The investment will boost the company or municipality value, while simultaneously creating a measurable economic return on the monetary investment over time.

As suggested above, workforce housing is a longer-term investment and generally not designed for an immediate exit, although in certain environments (physical and monetary), it could be possible to sell the asset or position after stabilization.

Additional Considerations

It should be noted that large employers have some leverage with municipalities and can assist in securing things such as development impact fee reductions or offsets, utility connection cost reductions, and assistance with infrastructure engineering and costs.

Developers can operate a single, or multiple employers’ projects in a fund across several markets they may be operating in, creating a larger entity to create even further cost reductions in financing, administration, and execution costs. This format also renders the asset pool to be more stable and flexible as market performance fluctuates over time.

A content workforce is good for any company’s bottom line and few things contribute to this more than providing a happy place to call home.

William Moore, AIA, is President of Portmanteau Partners (www.portmanteaupartners.com), a firm specializing in the design and development of workforce housing. The firm is currently working on the $40 million workforce housing project for meatpacking giant Cargill, Inc. in Fort Morgan, Colorado.

Downtown San Antonio’s Tallest Residential High Rise, 300 Main, Welcomes First Residents and is Now Open for Walk-in Tours

By

Weston Urban’s 300 Main is one of several projects bringing new energy to the Center City

Submitted by Paul Suter

Downtown San Antonio is achieving new heights with the opening of the city’s tallest residential tower, 300 Main ( https://live300main.com/). At 32-stories, the high-rise was developed by Weston Urban and is a dramatic new addition to the San Antonio skyline with sweeping views of the metro area. The opening of the tower is being celebrated by its first residents who began moving in at the end of August. The property is now also available for tours to people who are interested in seeing the building and learning more about leasing options.

Located at the corner of North Main Avenue and East Travis Street, 300 Main was intentionally designed to reflect the rich history and culture of San Antonio, with a strong focus on local artwork and thoughtfully curated interiors. Some of the outstanding features include a Sky Lounge on the 25th-floor with unobstructed views of San Antonio, custom artistic creations by local artists including Oscar Alvarado and Lionel Sosa, a 7th floor indoor and outdoor amenity space with media and game lounges, a guest suite, and an entertainment kitchen.

article continues after advertisement

Beyond the outstanding architecture, construction and design, 300 Main will also provide residents with exceptional amenities and services. For example, residents of 300 Main will enjoy 40,000 square feet of amenity spaces that will include coworking lounges with private study pods and conference rooms, where they can work comfortably and remotely in a professional setting. The fitness center, both indoors and outdoors, is fully equipped with Pelotons, Stairmasters, a dedicated yoga room, a BeaverFit Shred Shed, and more.

When they’re not busy at work or focusing on their physical fitness, a 7th floor pool deck with lounging areas, private cabanas, lawn games, and an entertainment kitchen, will provide residents with a great place to relax and socialize.

300 Main is the latest Weston Urban project to contribute to the density and diversity of downtown. The development, leasing and lending real estate firm has helped to create and define the San Antonio skyline through both thoughtful historic redevelopment and strategic ground-up construction. Some of the company’s other downtown projects include Frost Tower, Legacy Park, and the Rand and Milam buildings

“Our mission has always been to help build the city our kids want to call home and 300 Main and the other projects we’re celebrating today are important steps in that effort,” said Randy Smith, co- founder and CEO of Weston Urban. “It’s very exciting to welcome our first residents to 300 Main. Downtown is alive with activity and rich history, but a high-rise living experience in our city’s beautiful core is something our community has waited 300 years for. Now there is an option to live in a beautiful home and be able to walk to work, groceries, great restaurants, wonderful parks, and enjoy a truly vibrant urban lifestyle.”

The general contractor for 300 Main is Rogers-O’Brien Construction with the design provided by Page. Bridge Investment Group and Bank OZK provided financing for the project.

ABOUT WESTON URBAN

Weston Urban began as an effort to attract and retain San Antonio’s new generation of talent. Since its founding in 2012, it has broadened its mission to encompass reviving the city’s center. By collaborating with partners and strategically leveraging resources, Weston Urban works to create downtown spaces where serendipity is possible. Weston Urban focuses on three primary services: Development, Leasing, and Lending. To learn more, visit https://westonurban.com/.

article continues after advertisement

Project Details
300 Main
• Developer: Weston Urban
• Address: 300 North Main Ave., San Antonio, TX 78205
• 32-story residential tower
• 354-unit Class AA multifamily development
• 327,194 square feet net residential rental area
• Average unit is 924 square feet
• Six-level parking garage with approximately 457 spaces
• 6,275 square feet of retail space
• Contractor: Rogers-O’Brien Construction
• Design: Page
• Financing: Bridge Investment Group and Bank OZK

The Broadleaf Mixed-Use Residential Development Now Open at Fitzsimons Village

By

Submitted by Paul Suter

Located across Colfax from the Anschutz Medical Campus, the new development will include 370 residential apartments and ground-floor retail anchored by Queen City Collective Coffee

Aurora, CO (September 2024) – The development team of Uplands Real Estate Partners, The Max Collaborative, and Wynne Yasmer Real Estate (the same group behind the development of One River North) is pleased to announce the opening of The Broadleaf, a mixed-use residential development located within Fitzsimons Village, across from the Anschutz Medical Campus. The development includes 370 apartments and more than 9,000 square feet of ground-floor retail space lining the boulevard within the master-planned Village. Queen City Collective Coffee has signed on to operate a café space integrated within the residential lobby. Davis Partnership Architects is the architect for the project and JE Dunn is the general contractor. Kairoi Residential has been chosen to be the property manager.

The Broadleaf marks the second project opening this year for the development team in the greater Denver market. The partnership recently opened the iconic One River North project, a residential high rise in Denver’s River North Arts District (RiNo), which has garnered national attention for its unique architecture with a “canyon” traveling through its facade. Uplands Real Estate Partners and The Max Collaborative were both founded by members of the Ratner family, the founding family of Forest City Realty Trust, which led the transformative redevelopment of Denver’s old Stapleton International Airport. Wynne Yasmer Real Estate is a Denver-based developer whose principals, Brian Wynne and K.C. Yasmer, are both former Forest City executives.

“We’re thrilled to bring a boutique residential building with top-of-market amenities to the professionals who work and study at the Anschutz Medical Campus,” said Josh Hoffman, a principal with Uplands. “The medical campus is home to approximately 25,000 employees and more than 4,000 students, with a total of 55,000 people expected to be working or studying at the campus at full buildout. The Broadleaf will provide residents with a level of quality, design, and amenities not yet offered in proximity to the campus.”

The Broadleaf is located four blocks from the Colfax Light Rail Station, providing future residents with direct access to downtown Denver, Denver International Airport, and the southeast business corridor. The development features a robust amenity package including the only rooftop pool in the area with dramatic views of the mountain range, a state-of-the-art indoor / outdoor fitness center, coworking spaces, a pet spa, bike storage with workshop, a boutique coffee shop, and secure garage parking. A half-acre outdoor courtyard will provide an urban oasis with grills, picnic tables, lounge seating, lush landscaping, and outdoor lawns for yoga and exercise.

At seven stories, The Broadleaf is the tallest residential building in the submarket. It is the only residential building in the submarket constructed from light-gauge steel, providing superior acoustics and less sound between residences. The meticulously designed residences feature best-in-class finishes and offer one-, two- and three-bedroom apartments ranging in size from 500 square feet to 1,600 square feet.

article continues after advertisement

The Broadleaf will offer second to none lifestyle amenities through vendor partnerships and the Kairoi Art of Neighboring. The community is also focused on a wellness theme.