Kings Brook Arms
Kings Brook Arms is a 34-unit, garden-style multifamily property located in Englewood, Colorado, a highly desirable South Denver submarket with proximity to major employment centers including Swedish Medical Center and Craig Hospital. The Property consists exclusively of one-bedroom / one-bath units and offers residents in-unit air conditioning, on-site laundry, off-street parking, and a landscaped community courtyard.
At acquisition, Kings Brook Arms was owned and operated by long-term mom-and-pop ownership and exhibited clear value-add characteristics. In-place rents were meaningfully below market, approximately 85% of tenants were on month-to-month leases, and the Property was passively managed with limited focus on expense optimization or ancillary income generation.
Knightbridge Capital acquired the Property at an attractive basis with favorable in-place occupancy and immediately actionable upside. The business plan centers on implementing professional third-party management, marking rents to market, capturing ancillary income streams, and executing a targeted interior renovation program to enhance unit finishes and overall asset quality.