Offering Summary

Site: 2137 Glenarm Place, Denver, CO 80205

  • Preferred Return – 12% per year
  • Up to 400 Class A units at $5,000 per unit
  • Minimum 20 units ($100,000) per investor
  • Preferred Returns paid at the end of the project
  • Long Term Capital Gain

Net Cash Flow Distribution

Net Cash flow to be distributed in the following order:

  1. Where Proceeds are from a Company
    • Preferred return on capital invested in that company; then
    • Return of capital invested in that company; then
    • Same as general cash flow (see below)
  2. For Cash Flow Generally
    • Accrued but unpaid Preferred return; then
    • Return of capital contributions, until investors are fully repaid;
    • Remaining Net Cash Flow to the Class B Member.

- closed to new subscriptions -

KEY ASSUMPTIONS
Land Acres: 0.79
Number of Homes: 156 Units

ENTITLEMENT + PERMIT UPDATES

Updated: 30 July 2021 | 1:00pm CST

  • Submitted rezoning application for 2137 Glenarm in June 2021 and preparing to submit the Site Development Plan application to the City of Denver in ‘Q4 2021.
  • Re-engaged project architect to advance conceptual design and continue to assemble consultant team for a ‘Q3 2021 Schematic Design kickoff.
  • The Denver market has performed well in recent quarters helping unlock value on the site and StoryBuilt’s other local developments. With that, we are actively pursuing purchase of adjacent parcel at 2115 Glenarm to control entire block, which will increase combined land value and provide additional mixed-use opportunities.