This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Forestar Partners With Guggenheim On Multifamily Venture In Denver

Forestar Group Inc. (NYSE: FOR) today announced it has formed a multifamily venture with Guggenheim Real Estate, LLC for development of a luxury multifamily community located in Denver, Colorado. The project, to be called 360°, will be located in the southeast business corridor of Metro Denver within the Denver Tech Center market.

“Forestar continues to build momentum in our multifamily business by leveraging our experienced team and resources with outstanding partners to create value for our investors, shareholders, partners and community stakeholders,” noted Jim DeCosmo, President and Chief Executive Office of Forestar. “360° is Forestar’s third new development community this year, including the opening of Promesa and the groundbreaking of Eleven, both located in Austin, TX.”

“We are extremely pleased to partner with Guggenheim, and look forward to working together with them to deliver a successful community and profitable investment,” said Tom Etheredge, Executive Vice President – Multifamily Operations. “The 360° site is exceptionally located within an overall Denver market that currently exhibits attractive supply and demand fundamentals.”

360° will consist of 304 units in two four-story buildings which wrap a six-story parking structure and will feature stunning views of the Rocky Mountains including Pikes Peak. The community will be located in the Greenwood Plaza Business Park, the fifth largest business park in Metro Denver and will be only a few blocks from the Arapahoe Light Rail station, providing easy access to downtown Denver and a wide range of shopping, dining and other activities. Individual units will be available in a variety of studio, one and two-bedroom floor plans, each featuring modern, high quality interior finishes. Common-area amenities will include a rooftop deck, a resort-style pool, grilling areas, outdoor living areas, an upscale clubhouse, executive business center, and state-of-the-art fitness facilities. 360° will embrace responsible apartment living and has been designed to obtain Energy Star certification.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs