DENVER, CO - OlivePoint Capital, a real estate investment manager focused on value-add and special situation opportunities in the lower middle market, announced the acquisition of Stella on the Park, a 2021-vintage mixed-use project located in metro Denver. The transaction was sourced and executed off-market.
The project comprises 216 residential units and 35,000 square feet of retail space. OlivePoint acquired the asset at more than 50% discount to replacement cost. The acquisition was made through OlivePoint's fund, OPC Fund I LP.
“This investment reflects our strategy of targeting high-quality assets where temporary dislocation—whether capital markets or operational—can create outsized value,” said Adrian Bejarano, Managing Partner at OlivePoint. “We’re targeting high-conviction, execution-driven opportunities in overlooked segments of the market and we’re excited to leverage our expertise to unlock value at Stella.”
“We continue to believe the current market offers a rare window to invest in compelling real estate at a meaningful discount to value,” said John Bruno, Managing Partner. “Stella is a strong addition to our portfolio and reflects our ability to move quickly while taking advantage of the market environment.”
OlivePoint will implement a targeted value-add plan including lease-up of vacant residential units, operational optimization, and capital improvements to enhance long-term value.
This investment expands OlivePoint’s growing portfolio, which focuses on distressed, mispriced, or undercapitalized real estate across multifamily, industrial, retail, and select office segments throughout the U.S. lower middle market.
Source: OlivePoint Capital