JLL Capital Markets announced that it has arranged the $27.25 million financing for The Kenyon, a newly constructed, 124-unit luxury multifamily community in Denver’s vibrant Uptown neighborhood.
JLL worked on behalf of the borrower, a single-purpose joint venture entity including Corum Real Estate Group, ProspectHill Group and Geolo Capital. JLL Capital Market’s Debt Advisory team, representing the borrower, was led by Managing Directors Kristian Lichtenfels and Mark Erland.
Located at 777 E 17th Avenue, The Kenyon benefits from its prime position at the corner of Clarkson Street and 17th Avenue, adjacent to Marczyks, a popular boutique grocer. The property offers exceptional access to two prestigious hospitals within 0.7 miles, Downtown Denver’s office hub just a one-minute drive away, and over 40 restaurants within 10 blocks. The property features 40 unique floor plans, including 27 balcony units and 17 coveted split-level mezzanines. Residents enjoy the cutting-edge two-story fitness center, a rooftop deck with grills and private work pods.
“The Kenyon represents a unique boutique luxury product in Denver’s Uptown submarket. Corum’s distinctly designed floor plans and premium amenity package set it apart from competing properties,” said Lichtenfels. “These building attributes, the strength of sponsorship and the property’s strong lease-up performance helped to foster deep engagement from lenders and optimal financing terms.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
