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Investors are turning to value-add and affordable housing deals in the Denver market. In the last several years, Denver has seen a large amount of luxury housing development, creating a pent up demand for more affordable options. San Diego-based investor Pathfinder Partners is targeting Denver’s affordable housing market, and has recently acquired the Station, a 97-unit multifamily property in the Denver suburb Littleton for $20.7 million.

“The vast majority of new multifamily construction in the Denver metro area over the last five to six years has been class-A space, with class a rents.  While some tenants can afford those rents, the majority cannot,” Lorne Polger, senior managing director of Pathfinder Partners, tells GlobeSt.com. “As a result, we believe in a long term strategy of providing high quality, affordable housing for the majority of the rental market.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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