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pearl nines

about this investment

Acquisition Date:

January, 2011

Disposition Date:

February, 2022*

Purchase Price:


Total Equity:


Leverage on Acquisition:


Unrealized Exit Valuation:


Net IRR:


Net Multiple:


*Assumes February 2022 sale with exit valuation based upon current appraisal

Pearl Nines is a 16-unit garden style multifamily complex located in the Capital Hill neighborhood of Denver, Colorado. The property boasts both one and two-bedroom units and garage parking, a rare amenity for the neighborhood.

Pearl Nines is a short walk from bars, restaurants, and both Cheesman and Governor’s Parks. Known for its hustle and bustle, this neighborhood offers a harmonious mix of beautiful houses, apartment buildings, and historic mansions. Pearl Nines provides a range of amenities including on-site laundry, extra storage units, garage parking, and balconies for select units.

This property’s lack of previous capital investment, combined with its potential for better management, made Pearl Nines a prime opportunity for bringing units to market and renovating for a premium.