Source: Encore Multi-Family / #Multifamily #Apartments
DENVER, CO - Encore Multi-Family, LLC announced today the closing of financing for the company's next ground-up development project, Encore Highpointe Park, a garden-style, apartment home community located in the Denver suburb of Thornton, Colorado. Encore Multi-Family's latest community in Denver marks the beginning of Western expansion for the company.
Encore Highpointe Park will be comprised of 220 luxury apartment homes with superior interior and exterior amenities. As the only residential community in the fully-developed Highpointe Park PUD, it will enjoy the benefits of 1.2 million square feet of existing retail development including numerous national brand stores. The site is highly visible from I-25, Denver's primary North/South transportation artery.
Brad Miller, president of Encore Multi-Family, commented on the successful financing, closing and construction start for Encore Highpointe Park Apartment Homes:
"We are quite pleased with our expansion throughout Texas, Oklahoma and now Colorado over the past three years," said Miller. "Encore Multi-Family doubled the size of its portfolio in 2011 through development of new communities and will double the portfolio again in 2012 with projects currently under construction across three states."
Since June of 2010, Encore Multi-Family has started construction on six new developments, of which two have been completed with record lease-up results.
Encore Multi-Family, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 2008 as a fully integrated multifamily developer, owner and operator. The company is involved in all aspects of multifamily development and operations.