Watermark JSQ Multi-family 2 at Vanterra (Under Contract)
JSQ Multifamily 2 Vanterra a Series 2 Investment, is a ground up multifamily development located south of Denver in Parker, CO. The 306-unit project commenced construction in April 2014 with first units delivered in October 2015.
Leasing started in late August and to date has exceeded expectations. The property is now 47% leased, 37% occupied and leasing velocity at Vanterra has been higher than at nearby comparable properties.
Vanterra is currently under contract with the same buyer from Southlands with an anticipated closing date of May 31st, 2016.
Vanterra is the highest quality multifamily property in the Parker submarket and is commanding rents higher than any of the nearby comparable properties.
JSQ Multifamily 2 Investment Overview