Trending...
- Committee Selects Six Fellows for 2026 Clyfford Still Museum Institute Fellowship Program
- Ashikaga Flower Park's "Great Wisteria Festival 2026"
- Blue Sparrow Coffee named Best Matcha in Westword's Best of Denver 2026
Download
The 150-unit "Connect at First Creek" development in Denver, Colorado. (Photo: Business Wire)
DENVER--(BUSINESS WIRE)--ACRE, a global real estate private equity firm, today announced it has finalized a $43.5 million bridge loan with Peak Capital Partners ("Peak Capital"), to support the luxury multifamily apartment community 'Connect at First Creek' in Denver, Colorado.
More on Colorado Desk
Issued through ACRE's latest debt fund "ACRE Credit I", the loan will support Peak Capital's purchase of the 150-unit community. Executed in May, the 3-year agreement includes options for two single-year extensions.
Brian Caudel and Jack Tidrick at KeyBank Real Estate Capital served as brokers for the deal.
"Denver has continued to add huge numbers of both jobs and residents over recent years, making it one of the country's fastest-growing metro areas and creating a critical need for high-quality rental housing," said Daniel Jacobs, Managing Partner at ACRE. "Connect at First Creek has already enjoyed impressive success in helping to satisfy that robust demand, and we're proud to play a role in supporting Peak Capital's purchase of this first-class property."
The agreement for Connect at First Creek was one of four loans, totaling approximately $169 million, issued via 'ACRE Credit I' in May alone. Other loans finalized during the month were issued in support of multifamily developments in Nashville, Tennessee; Fort Worth, Texas; and Fredericksburg, Virginia.
The loan also represents the third issued to Peak Capital since ACRE Credit 1's launch in August 2020, following two transactions for properties in the Atlanta metropolitan area.
To date, the fund has raised $509 million of equity and has committed to provide more than $2 billion in whole loans across 52 transactions to support the acquisition, lease-up, redevelopment and recapitalization of multifamily assets in growing secondary markets across the U.S.
"Our lending platform has been able to provide financing for a fast-expanding list of apartment developments across a wide variety of markets, as we continue to form and solidify partnerships with industry leaders like Peak Capital Partners," said Jacobs. "May marked yet another productive month for 'ACRE Credit I', and we look forward to continuing to support other companies and the country's rental housing sector at-large, as it experiences nearly unprecedented growth."
More on Colorado Desk
Located at 17900 East 56th Avenue, Connect at First Creek was built and delivered by Massimino Development. Since opening in 2020, the community has enjoyed significant lease-up success, as it is currently 96 percent leased.
The development's 150 luxury units feature a wide range of amenities, with in-unit features and finishes including stainless steel kitchen appliances, quartz countertops, Bluetooth keyless deadbolt locks, wood-style flooring, washer/dryer, walk-in closets, and private balcony/patio space. Community amenities include a resort-style swimming pool, fitness center, clubhouse, open air dining spaces with stainless steel BBQ grills, game room with billiards, coworking and conference spaces, a half-acre dedicated park, and direct access to First Creek Trail.
Connect at First Creek is located just a short distance from Pena Boulevard, Interstate 70, Interstate 225 and the 61st & Pena Light Rail station, offering residents an easy trip to Downtown Denver, Denver International Airport, and Aurora. The property is also adjacent to Rocky Mountain Arsenal National Wildlife Refuge, a 15,988-acre wildlife sanctuary.
About ACRE
ACRE is a vertically integrated private equity firm specializing in commercial real estate through active investments in both direct equity and debt capital markets as well as special situation opportunities. ACRE manages a global portfolio in excess of $3.1 billion concentrated in U.S. multifamily with holdings in the United Kingdom and Southeast Asia through separate verticals. ACRE has offices in Atlanta, New York, and Singapore.
Contacts
Media:
Wes Johnson
Antenna | Spaces
(773) 453-7432
wesley.johnson@antennagroup.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Contacts
Media:
Wes Johnson
Antenna | Spaces
(773) 453-7432
wesley.johnson@antennagroup.com
The 150-unit "Connect at First Creek" development in Denver, Colorado. (Photo: Business Wire)
- The 150-unit "Connect at First Creek" development in Denver, Colorado. (Photo: Business Wire)
DENVER--(BUSINESS WIRE)--ACRE, a global real estate private equity firm, today announced it has finalized a $43.5 million bridge loan with Peak Capital Partners ("Peak Capital"), to support the luxury multifamily apartment community 'Connect at First Creek' in Denver, Colorado.
More on Colorado Desk
- 22 Colorado Schools in Seven School Districts Designated as Purple Star Schools
- Riggo Production Studio Launches Monthly Content Package for Growing Brands
- Accelerating into Active Oil Production with over 100 Barrels per day now being produced as Dual-revenue engine begins Generating Cash Flow: $IBG
- Finland emerges as clear Eurovision 2026 favourite – analysis of 12 bookmakers by Vedonlyöntisivut
- Mac Mountain Selects netElastic vRouter for LightCraft Broadband-as-a-Service Platform
Issued through ACRE's latest debt fund "ACRE Credit I", the loan will support Peak Capital's purchase of the 150-unit community. Executed in May, the 3-year agreement includes options for two single-year extensions.
Brian Caudel and Jack Tidrick at KeyBank Real Estate Capital served as brokers for the deal.
"Denver has continued to add huge numbers of both jobs and residents over recent years, making it one of the country's fastest-growing metro areas and creating a critical need for high-quality rental housing," said Daniel Jacobs, Managing Partner at ACRE. "Connect at First Creek has already enjoyed impressive success in helping to satisfy that robust demand, and we're proud to play a role in supporting Peak Capital's purchase of this first-class property."
The agreement for Connect at First Creek was one of four loans, totaling approximately $169 million, issued via 'ACRE Credit I' in May alone. Other loans finalized during the month were issued in support of multifamily developments in Nashville, Tennessee; Fort Worth, Texas; and Fredericksburg, Virginia.
The loan also represents the third issued to Peak Capital since ACRE Credit 1's launch in August 2020, following two transactions for properties in the Atlanta metropolitan area.
To date, the fund has raised $509 million of equity and has committed to provide more than $2 billion in whole loans across 52 transactions to support the acquisition, lease-up, redevelopment and recapitalization of multifamily assets in growing secondary markets across the U.S.
"Our lending platform has been able to provide financing for a fast-expanding list of apartment developments across a wide variety of markets, as we continue to form and solidify partnerships with industry leaders like Peak Capital Partners," said Jacobs. "May marked yet another productive month for 'ACRE Credit I', and we look forward to continuing to support other companies and the country's rental housing sector at-large, as it experiences nearly unprecedented growth."
More on Colorado Desk
- 88% Revenue Growth; Charging Into the Future with Explosive Growth, Strategic EV Expansion and Infrastructure Dominance Signal a Breakout Opportunity
- Forge Resources Unlocks Major Gold-Copper System in Yukon as Drilling Success and Strategic Assets Fuel High-Impact Growth Story for: $FRGGF
- Colorado Springs: Applications now open - Survive and Thrive: Small business loan program - Summer 2026 Cohort
- Game Day Private Jets Launches REVUP Platform to Transform Fan & Donor Travel Into a Revenue Engine for College Athletics
- Heritage at South Brunswick Team Celebrates Major Wins at NJBA Sales and Marketing Awards
Located at 17900 East 56th Avenue, Connect at First Creek was built and delivered by Massimino Development. Since opening in 2020, the community has enjoyed significant lease-up success, as it is currently 96 percent leased.
The development's 150 luxury units feature a wide range of amenities, with in-unit features and finishes including stainless steel kitchen appliances, quartz countertops, Bluetooth keyless deadbolt locks, wood-style flooring, washer/dryer, walk-in closets, and private balcony/patio space. Community amenities include a resort-style swimming pool, fitness center, clubhouse, open air dining spaces with stainless steel BBQ grills, game room with billiards, coworking and conference spaces, a half-acre dedicated park, and direct access to First Creek Trail.
Connect at First Creek is located just a short distance from Pena Boulevard, Interstate 70, Interstate 225 and the 61st & Pena Light Rail station, offering residents an easy trip to Downtown Denver, Denver International Airport, and Aurora. The property is also adjacent to Rocky Mountain Arsenal National Wildlife Refuge, a 15,988-acre wildlife sanctuary.
About ACRE
ACRE is a vertically integrated private equity firm specializing in commercial real estate through active investments in both direct equity and debt capital markets as well as special situation opportunities. ACRE manages a global portfolio in excess of $3.1 billion concentrated in U.S. multifamily with holdings in the United Kingdom and Southeast Asia through separate verticals. ACRE has offices in Atlanta, New York, and Singapore.
Contacts
Media:
Wes Johnson
Antenna | Spaces
(773) 453-7432
wesley.johnson@antennagroup.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Contacts
Media:
Wes Johnson
Antenna | Spaces
(773) 453-7432
wesley.johnson@antennagroup.com
Filed Under: Business
0 Comments
Latest on Colorado Desk
- Rhealize Strategic Talent Advisory Co-Founder Dona Baker to Speak at DisruptHR YEG 15.0 in Edmonton on Hiring Innovation
- Instant IP Teams: Bringing Enterprise-Grade Collaboration to IP Protection at the Speed of Thought
- UK Financial Ltd Confirms CATEX Exchange Integration of SMPRA and LTNS 1 Ahead of Compliance-Based Trading Activation
- Colorado: Governor Polis Signs Bills Law
- Colorado: Governor Polis Makes Cabinet Announcement
- Ashikaga Flower Park's "Great Wisteria Festival 2026"
- Architect of Neurodiversity Will Lead the First U.S. Team of Autistic Children to the "Genius Cup" in Hiroshima, Japan, in 2027
- Deborah E. Jones Introduces Emotional Sovereignty, a Powerful New Book on Emotional Mastery, Resilience, and Intentional Living
- New Research Identifies "The Busy Effect": 89% of Americans Want a Laid-Back Vacation — Only 15% Actually Achieve It
- Alchemy 43 Appoints Shane Smith as CEO to Drive Operational Performance and Scalable Growth
- Best Spiritual Healing, Meditation & Retreats in Sedona — Rise Meditation Helps You Find and Book Transformational Experiences
- Stream Expands AI Moderation Platform
- Condor Precision Aligns Digital Strategy with Precision Metal Fabrication Expertise Through New Website Launch
- Committee Selects Six Fellows for 2026 Clyfford Still Museum Institute Fellowship Program
- $16 Billion Market by 2034 in Underwater Drones Presents Huge Opportunity for AI-Powered Autonomous Vehicle Serving Defense & Commercial Customers
- Appliance EMT Named Among Jacksonville's Top 3 Appliance Repair Companies by ThreeBestRated®
- Green Energy Transition: 127% Annualized Return through AI Trading for Retail Investors (PWR, ETN, OXY)
- Governor Polis, Lt. Governor Dianne Primavera Celebrate Colorado's Role in Historic Artemis II Lunar Mission Launch
- Colorado: Canadian Nutritional Ingredient Manufacturer, Bioriginal, Establishes U.S. Presence in Grand Junction
- Geekstorians Nominated For Best History Podcast In The 30th Annual Webby Awards