DENVER, CO – OlivePoint Capital, a real estate investment manager focused on value-add and special situation opportunities in the lower middle market, announced the acquisition of Stella on the Park, a 2021-vintage mixed-use project located in metro Denver. The transaction was sourced and executed off-market.
The project comprises 216 residential units and 35,000 square feet of retail space. OlivePoint bought the asset at more than 50% discount to replacement cost. The acquisition was made through OlivePoint’s fund, OPC Fund I LP.
This investment reflects our strategy of targeting high-quality assets where temporary dislocation—whether capital markets or operational—can make outsized value, said Adrian Bejarano, Managing Partner at OlivePoint. We re targeting high-conviction, execution-driven opportunities in overlooked segments of the market and we re excited to leverage our expertise to unlock value at Stella.
We continue to believe the current market offers a rare window to invest in compelling real estate at a meaningful discount to value, said John Bruno, Managing Partner. Stella is a strong addition to our portfolio and reflects our ability to go quickly while taking advantage of the market environment.
OlivePoint will implement a targeted value-add plot including lease-up of vacant residential units, operational optimization, and capital improvements to enhance long-term value.
This investment expands OlivePoint s growing portfolio, which focuses on distressed, mispriced, or undercapitalized real estate across multifamily, industrial, retail, and select office segments throughout the U.S. lower middle market.
Powered by WPeMatico