JLL Capital Markets announced that it has arranged $37.1 million in construction takeout financing for Ridian Apartments, a 123-unit newly constructed luxury multifamily community located in Denver, Colorado.
JLL worked on behalf of the borrower, Trailbreak Partners, to secure a floating-rate loan through an insurance company’s debt fund.
Completed in 2025, Ridian Apartments represents a sophisticated addition to Denver’s rental housing market, featuring a thoughtfully designed unit mix of studio, one-bedroom and two-bedroom apartments across 132,000 square feet. The three-story wood-frame building includes 12 affordable units restricted to households earning 80 percent of the area median income, with the remaining 111 units offered at market rates.
Ridian’s comprehensive amenity package distinguishes it from competitors in the immediate market area. The community features a resort-style pool and hot tub, rooftop lounge with 360-degree mountain and city views, fitness center and clubhouse with co-working spaces. Additional amenities include covered garage parking, 24-hour security monitoring and package lockers.
“This refinancing underscores our confidence in the long-term strength of Denver’s fundamentals, particularly within the Highlands submarket,” said Ethan Argov, Managing Director of Capital Markets and Investments at Trailbreak Partners. “It reinforces our focus on delivering boutique luxury in high-barrier-to-entry neighborhoods and positions us to continue creating long-term value for our investors.”
Located in Denver’s highly desirable Highlands neighborhood, Ridian provides residents direct access to Downtown Denver, which is a short five-minute drive. Tenants are also a five-minute walk from both the Lower Highlands neighborhood and the Highland Square shopping district, both of which have an abundance of bars, restaurants and retail amenities. The Highlands is one of Denver’s highest barrier-to-entry neighborhoods and is surrounded by high household incomes and home prices.
The location offers exceptional connectivity to Denver’s major employment centers, with downtown Denver’s 145,000 jobs accessible within a five-minute drive and Cherry Creek’s 18,000 employees reachable in under 15 minutes via major thoroughfares, including Federal Boulevard. and Speer Boulevard.
The JLL Debt Advisory team was led by Director Rob Bova.
“Ridian is located in one of Denver’s most coveted neighborhoods, offering a rare combination of boutique luxury design and irreplaceable location,” said Bova. “Ridian’s differentiated amenity package and smaller unit count provide residents with a quieter and more exclusive residential micro market.”
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.
