Denver: a livable urban center: NAA Property Tours showcase three distinct Denver apartment communities at the 2006 NAA Education Conference & Exposition.

Attendees of the 2006 NAA Education Conference & Exposition will have the opportunity Friday, June 16, to tour three distinct Denver communities that highlight the best in urban planning and renewal. The tour features a mixed-income community, luxury urban lofts and an unparalleled high-rise re-use development.

1600 Glenarm Place

Thoroughly metropolitan and a national model for re-use projects, 1600 Glenarm Place is the culmination of an $82 million private sector investment.

The 31-story high-rise office building, originally constructed in 1964 as the Security Life Building, has been repositioned as a mixed-use community consisting of 333 luxury apartment homes, 20,700 square feet of retail space, 14,700 square feet of office space and access to more than 300 valet parking spaces. 1600 Glenarm Place, managed by RedPeak Properties LLC, is located in the heart of downtown Denver at the intersection of the 16th Street Mall and Glenarm Place.

Mark Windhager, Chief Operating Officer of RedPeak Properties and President of the Apartment Association of Metro Denver (AAMD), said, "RedPeak has invested almost $82 million into this project through private investment initiatives without the need for any public funds. This is rare in today's world."

Prior to the redevelopment, the building was empty for a decade. Numerous development plans were created during that time, but none were implemented. RedPeak acquired the building in March 2004, final planning was completed and construction began in December 2004. The first apartment residents moved in Feb. 1, 2006, and leasing has been strong without the need for concessions.

The apartments at 1600 Glenarm Place range from 618 square feet for a studio to 1,835 for a penthouse. Rental rates begin at $920 for a studio and surpass $6,000 for a penthouse. Interior finishes include slab granite counters, frameless glass showers, soaking tubs, hardwood floors, gas fireplaces, stainless steel appliances, washers and dryers, cherry or maple cabinetry, built-in terrace grills and more. Services and amenities include garage or open valet parking, 24-hour concierge, high-speed elevators, a cyber cafe, resident media center, clubroom, conference facilities, health and fitness center, outdoor entertaining terrace with summer kitchen, a substantial private art collection consisting of 100 pieces from more than 20 artists and a plasma touch screen directory system that identifies and maps the top restaurants, entertainment venues and service providers in downtown Denver for residents.

The retail space will house Cook's Fresh Market, downtown Denver's first high-quality gourmet market on the 16th Street Mall. Cook's Fresh Market is owned by one of a few master certified chefs in the world. In addition to Cook's Fresh Market, Peet's Coffee has signed a letter of intent to open its second Denver location, and Earl's Restaurants of Canada has signed a lease for 13,000 square feet. Earl's will not only provide a high-quality dining experience, but will deliver room service to apartment residents at 1600 Glenarm Place. Residents will also enjoy a private, controlled access entry to Earl's.

With the addition of 333 luxury apartment homes and significant retail and office space, the impact on downtown will be substantial as new life is infused into the 16th Street Mall corridor. Residents will enjoy all the conveniences of downtown and the highest level of residential services offered in Denver. Retail tenants will flourish because of a combination of location and inherent demand from building residents. According to Mike Zoellner, President and Chief Executive Officer of RedPeak Properties, "1600 Glenarm Place is positioned to regain its reputation as a premier address in the city with unique qualities not existing anywhere else."

Premier Lofts

Premier Lofts is a seven-story mixed-use apartment building located in the heart of Denver's historic Ballpark Neighborhood. The building opened for occupancy on July 1, 2004, and has maintained a minimum 95 percent occupancy since October 2005.

Premier Lofts, managed by Corum Real Estate Group, is where the original Premier Tire Terminal once stood. Timbers from the building and the original "Premier Tire Terminal" neon sign have been preserved and integrated into some of the luxury community's common areas. The design of the building is sleek and smart and offers all the modern touches--urban chic meets contemporary luxury. Even the floor inside the impressive fitness center is made from recycled tires. Also, while crews were excavating the sight, trolley tracks were found and have been incorporated into the courtyard off the lobby.

Premier Lofts boasts features not found in similar communities. This building is a mix of commercial space and residential apartments. The unit mix includes "live-work" townhomes that open to Market Street, loft-style studio, one- and two-bedroom fiats and spectacular penthouse residences. Amenities include a 1,200-square-foot state-of-the-art fitness center with commercial grade equipment, a gourmet demonstration kitchen, a game room with a "wall" of televisions, billiard tables and dart board, a surround-sound movie theatre with moveable leather recliners, a fully equipped business center, a landscaped courtyard with a water wall and a 3,200-square-foot rooftop deck with hot tub, fireplace, gas grills and panoramic views of the city.

People and businesses come to downtown Denver sharing an uncommon desire for a more active, urban way of living and doing business away from suburban sprawl, commuter traffic and the responsibilities of home ownership. Premier Lofts was intended to build a sense of community among its residents and has accomplished this. The residents at Premier Lofts enjoy having everything at their fingertips.

The Diamond at Prospect

From coal yard to contemporary mixed-income community, The Diamond at Prospect, managed by Riverstone Residential Group, represents an investment of $22 million by Trammell Crow Residential. Situated in the Prospect Neighborhood of downtown Denver, The Diamond at Prospect is a 140-unit apartment community that was completed in August 2005 and was fully leased within months.

The community is designed as a Class A community with luxury finishes, including 9-foot ceilings, gourmet kitchens and custom details. Amenities include a fitness center, yoga studio, business center, community courtyard, hot tub, gas grills and structured parking. The Diamond at Prospect offers a convenient elevator and open hallways. Bright colors and trendy interiors further accentuate the synergistic blend of yesterday and today.

Seventy percent of the apartments at The Diamond at Prospect are dedicated to residents who make 50 percent to 60 percent of the area's median income. Offering housing to this income class contributes to population diversity among downtown residents. The community provides an opportunity for those working in the service sectors to live downtown.

Apartment communities like The Diamond at Prospect are one of the reasons Denver is becoming a truly livable urban center. With 30 percent of the units open to unrestricted income levels, the community integrates a wide demographic spectrum under one roof. The investment represents a long-term commitment to downtown Denver by the Colorado Housing and Finance Authority and Trammell Crow Residential.

About RedPeak Properties

RedPeak Properties (www.RedPeak.com) is a full-service apartment and condominium development, acquisition and management company based in Denver. RedPeak focuses on acquiring apartment communities that need revitalization and developing highly amenitized communities located near major employment centers. By owning communities for the long-term, RedPeak builds value for its residents, team members and partners.

About Corum Real Estate Group

Corum Real Estate Group (www.corumrealestate.com) is a diversified commercial real estate firm based in Denver that provides a full range of development, management, marketing, leasing and third-party consulting services. Corum was founded in 1986 by V. Michael Komppa, President, and James G. Fitzpatrick, Executive Vice President. Celebrating its 20th year, Corum's vision is to be a firm focused on creating enduring value in real estate while providing growth opportunities for its people and financial security for its stakeholders.

About Riverstone Residential Group

Riverstone Residential Group (www.RiverstoneRes.com) employs approximately 1,400 people and manages 55,000 apartment homes in nearly 200 communities across the United States. It has regional offices in Boston; Rockville, Md.; Charlotte, N.C.; Raleigh, N.C.; Atlanta; Orlando, Fla.; Boca Raton, Fla.; Austin, Texas; Dallas; Houston; Denver; Phoenix; Costa Mesa, Calif.; Portland, Ore; and Seattle.

For information on the communities showcased, contact Jared Miller, RedPeak Properties LLC, at 303/321-7325 or [e-mail].