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Investor Snags High-End Denver Apartments in Shift From Value-Add Focus

29th Street Capital Started Fund Dedicated to Upscale Acquisitions
The Parq at Iliff Station property comprises 424 units in Aurora, Colorado.(CoStar)
The Parq at Iliff Station property comprises 424 units in Aurora, Colorado.(CoStar)

A multifamily investor that has historically focused on buying properties in need of renovation is embarking on a new strategy with a fund focused on acquiring luxury buildings, beginning with one outside Denver.

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