Monaco Row: $33.2M agency financing secured for multifamily acquisition in Denver Tech Center

DENVER, Dec. 9, 2025 –  JLL Capital Markets announced today that it has arranged $33.2 million in agency acquisition financing for Monaco Row, a 196-unit, garden-style multifamily property in Denver, Colorado.

JLL worked on behalf of the borrower, Redpeak Properties, to originate the five-year, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC.

Monaco Row, located at 4665 S. Monaco St., sits within Denver's largest employment center, which houses over 34 million square feet of office space and more than 240,000 full-time employees. The property offers residents direct access to major employers including five of Colorado's eight Fortune 500 companies and benefits from its proximity to the Belleview Light Rail Station.

The Denver Tech Center submarket continues to demonstrate strong fundamentals, with 28% rent growth since 2018 and an absorption ratio of 126% since 2019. The area maintains office vacancy rates 10.6% lower than Denver's Central Business District and boasts 38% higher leasing activity.

Monaco Row, completed in 2013, features one- and two-bedroom apartments across 16 residential buildings on 8.97 acres. Many units include direct-access garages and offer expansive Rocky Mountain views. The community provides resort-style amenities including a pool and spa, fitness center, resident lounge and pet spa.

The property is surrounded by affluent demographics, with average household incomes exceeding $140,000 within a one-mile radius and home values approaching $950,000. This elevated cost of homeownership continues to drive rental demand in the area.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Tony Nargi and Executive Managing Director Eric Tupler.

"Monaco Row's strategic location within Denver's premier employment corridor and its value-add potential make it an attractive acquisition in today's market," said Nargi. "The property's position near major job centers and transportation infrastructure provides strong fundamentals for long-term performance."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

RedPeak acquires, develops and manages apartments in Denver and along Colorado’s Front Range. RedPeak is focused on a local, neighborhood-based strategy with a sole focus in the Denver area. With nearly two decades of investment experience and over $1 billion worth of multi-family assets along the Front Range, RedPeak has a long track record of success and expertise in owning, developing and managing Denver based properties.