$15.8M Wheat Ridge Retail Deal Reflects CRE Shift - Mile High CRE
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$15.8M Wheat Ridge Retail Deal Reflects CRE Shift - Mile High CRE
Canopy Real Estate Partners has acquired Gold’s Marketplace in Wheat Ridge for $15.8 million, demonstrating the firm’s strategy of creating “asset-backed bonds” that offer 6 to 8 percent annual returns with equity upside. The acquisition marks the fifth investment in what founder Jay Rollins calls a “bond-like product” that provides 6 to 8 percent annual returns with 16 to 19 percent upside potential over three to five years. The 59,000-square-f…
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