JLL Capital Markets arranges a $27.25 million construction take-out financing for newly constructed luxury multifamily community in Denver's Uptown neighborhood
News release
17 July 2025
Refinancing secured for The Kenyon in Denver, Colorado
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DENVER, July 17, 2025 – JLL Capital Markets announced today that it has arranged the $27.25 million financing for The Kenyon, a newly constructed, 124-unit luxury multifamily community in Denver's vibrant Uptown neighborhood.
JLL worked on behalf of the borrower, a single-purpose joint venture entity including Corum Real Estate Group, ProspectHill Group and Geolo Capital.
Delivered in May 2024, The Kenyon offers a diverse mix of studios, one- and two-bedrooms with premium amenities and finishes. The property features 40 unique floor plans, including 27 balcony units and 17 coveted split-level mezzanines. Residents enjoy the cutting-edge two-story fitness center, a rooftop deck with grills and private work pods.
Located at 777 E 17th Ave., The Kenyon benefits from its prime position at the corner of Clarkson Street and 17th Avenue, adjacent to Marczyks, a popular boutique grocer. The property offers exceptional access to two prestigious hospitals within 0.7 miles, Downtown Denver's office hub just a one-minute drive away, and over 40 restaurants within 10 blocks.
JLL Capital Market’s Debt Advisory team, representing the borrower, was led by Managing Directors Kristian Lichtenfels and Mark Erland.
"The Kenyon represents a unique boutique luxury product in Denver's Uptown submarket. Corum’s distinctly designed floor plans and premium amenity package set it apart from competing properties," said Lichtenfels. "These building attributes, the strength of sponsorship and the property's strong lease-up performance helped to foster deep engagement from lenders and optimal financing terms.”
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.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
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 112,000 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Corum Real Estate Group
Corum is a Denver-based real estate firm specializing in property management, brokerage, development and asset services that develops, acquires, manages and owns various property types including office, retail, industrial, multifamily and investment properties. With experience spanning high-rise office suites in Cherry Creek, skyscrapers in downtown Denver and Chicago and various other commercial properties, Corum's determined negotiators understand key pressure points in every transaction for both tenants and landlords they represent.
About Geolo Capital
Geolo Capital, founded in 2005, is the San Francisco-based private equity investment arm of the John Pritzker family office. Historically focused on the hospitality and consumer sectors, Geolo is now a vertically integrated developer, investor and lender for hospitality and multifamily real estate. Since inception in 2003, Geolo has invested in real estate projects representing over $2.5B of total capitalization.
About ProspectHill Group
ProspectHill Group is a private real estate investor and operator based in San Francisco, CA. The firm focuses on value-add opportunities across a variety of asset classes. Prior investments include acquiring, renovating and ground-up development of office, R&D, hotel, multifamily and industrial assets in the San Francisco Bay Area, Denver, Dallas, Hawaii, London and Los Angeles. The firm invests on a direct basis as well as through third-party operating platforms. Since its formation in 2013, ProspectHill has made approximately two dozen investments totaling $3.5 billion of peak capital.