Denver, CO, Oct. 03, 2016 (GLOBE NEWSWIRE) — Circle Squared Alternative Investments, announces the acquisition of The Sage Brook Apartment Complex located at 7201 Leetsdale Drive in Denver, CO. The acquisition is a joint venture between The Hampshire Companies, through its Hampshire Direct Investment program, and HLC Equity, a Pittsburgh based real estate investment firm. Hampshire and HLC and or its affiliates have had partnerships that have spanned three generations, comprising of over 50 jointly owned assets. The Sage Brook Apartment Complex features 216 existing units located just three miles from the upscale Cherry Creek neighborhood.
“In 2015, home values in Denver experienced a 10.7% year-over-year increase, making home ownership more expensive and leading to an increase in rental demand,” said Jeffrey Sica, Founder and President of Circle Squared Alternative Investments. “Together with The Hampshire Companies and HLC Equity, we recognized the opportunity to invest in a core asset with in-place income and planned value-add enhancements.”
“The Sage Brook Apartment Complex is strategically located in an infill location, just three miles from the upscale Cherry Creek neighborhood, and in the center of the region’s three largest employment areas with close proximity to Downtown Denver, the Denver Tech Corridor, and the Fitzsimons Innovation Campus,” added Norman A. Feinstein, Vice Chairman of The Hampshire Companies. “With strong demographics and projected rent growth in the area, this community is a strategic addition to our multi-family portfolio.”
Amenities at The Sage Brook Apartment Complex include a swimming pool, 24-hour fitness center, a business center, a playground, barbeque grills, mail kiosk, pet station, and perimeter fence and sundecks on each building. The community is located conveniently near public transportation and is on a main thoroughfare for restaurants and shopping.
To stay connected with Circle Squared Alternative Investments and to learn more about alternative investments in real estate please visit www.circlesquaredalts.com or follow Circle Squared on Twitter (@CSQalts) and on LinkedIn at (www.linkedin.com/company/circle-squared-alternative-investments).
To stay connected with The Hampshire Companies and for updates on the latest transactions and news follow Hampshire on Facebook (www.facebook.com/hampshireco) , Twitter (@hampshireco), and LinkedIn (www.linkedin.com/company/the-hampshire-companies).
About Circle Squared Alternative Investments
Circle Squared Alternative Investments is a firm devoted to providing independent financial advisors with access to a range of innovative alternative investments previously available only to institutions and ultra-high net-worth investors. The suite of investment products is intended to include real estate, private equity, private credit, natural resources, private placement offerings, entertainment and media. In addition, the firm’s team may serve as coaches and mentors to advisors, helping them to better understand and communicate to their clients the role and advantages of alternative investments in a portfolio. For more information about Circle Squared, visit www.circlesquaredalts.com.
About The Hampshire Companies
The Hampshire Companies is a full service, private real estate investment firm with assets valued at more than $2.3 billion based in Morristown. N.J. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at www.hampshirere.com.
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