Refinancing secured for Rye SoBo apartments in Denver

DENVER, May 4, 2026 –  JLL Capital Markets announced today that it has facilitated the refinancing of Rye SoBo, a 353-unit luxury multifamily property in Denver, Colorado.

JLL represented the borrower, Price Brothers, in securing a floating-rate loan through a debt fund.

Rye SoBo, located at 290 W. Alameda Ave. in the South Broadway neighborhood, offers residents convenient access to major employment hubs, including Downtown Denver, the Southeast Business Corridor, Cherry Creek and South Colorado/Interstate 25, all located within a 15-minute drive. The community is situated near the Alameda Light Rail Station, surrounded by various dining, shopping and entertainment opportunities. The location appeals to those seeking urban living with walkability and transit connectivity in Denver’s thriving job enters.

Completed in 2021, Rye SoBo is a Class A mid-rise multifamily development composed of 353 multifamily units. The property features open floor plans, high-end interior finishes and upscale indoor and outdoor common area amenities. Featuring studios, one- and two-bedroom units, with an average size of 817 square feet, all apartments are designed with contemporary finishes. Residents can enjoy amenities including a rooftop lounge with mountain and downtown views, a two-story fitness center, a two-story co-working lounge with conference rooms, a swimming pool with hot tub, a beer garden with outdoor games, a pet spa, EV charging stations and a rooftop bark park with access to a large public dog park.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Cortney Cole and Leon McBroom and Vice President Emily Goldberry.

“Rye SoBo represented a compelling opportunity to lend on a luxury mid-rise property in Denver's South Broadway neighborhood, one of the city’s most dynamic dining and entertainment districts,” said Goldsberry. "The product offers walkability and accessibility that attract residents seeking an energetic urban environment with immediate access to Denver's urban core, and the asset is well-positioned for continued strong performance."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.