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Real Estate Intelligence

Sale at Cherry Creek Marks Successful Exit for GCG Investors

September 24, 2019

With the October 2018 closing of the sale of the Rise, Edge and Vue apartment buildings in Denver’s Cherry Creek neighborhood, for a total price of $56.35 million, investors in the two funds that owned the properties locked in an annual rate or return at least 30%. This is a testament to the success of the project, which included significant rehabilitation work aimed at increasing property valuations and rental income. More details on the sale are available here.

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