Avian
Avian is a new ground up multi-family project to break ground in Q4 2021 for a 2023 delivery. This 169-unit project is to be located at the southeast corner of Weber and Cucharras in downtown Colorado Springs. This Qualified Opportunity Zone project is poised to take advantage of the booming downtown Springs market, now home to the new home of the Switchbacks soccer team and the new $91 million U.S. Olympic Museum. Read More
| Investment | Development |
| Asset Class | Multi-Family |
| Status | Pre-Development |
| Market | Colorado Springs, CO |
| Construction | 2022 |
| Units | 169 |
| Square Feet | 133,288 |
Cadence Apartments
Cadence Apartments is a 195-unit, Class A multi-family project located in the booming Des Moines submarket of Johnston. Constructed in 2016 and 2017, the property offers a top-tier amenity base, best-in-class finishes in select units and is within walking distance to Johnston Middle School and the under construction $100MM Johnston Town Center. The property was acquired in March 2021 with a plan to improve overall day-to-day management, eliminate lease expiration irregularities and upgrade select unit finishes over time. The property offered stabilized, in-place cash flows at time of acquisition and also included the assumption of an 15-year existing life insurance company loan and four years remaining of a TIF economic incentive totaling over $900,000. Read More
| Investment | Acquisition |
| Asset Class | Multi-Family |
| Status | Stabilized |
| Market | Johnston, IA |
| Construction | 2016/17 |
| Units | 195 |
| Square Feet | 200,093 |
| Property Website | bhmanagement.com |
Solace at Ballpark Village
Solace at Ballpark Village is the first JDP project in Arizona and the second multi-family asset under the Solace brand. Located in the booming Phoenix suburb of Goodyear, Solace is ideally located off Estrella Parkway adjacent to the $108 million Goodyear Ballpark and baseball complex, spring training home to the Cleveland Indians and Cincinnati Reds. This Qualified Opportunity Zone project will be 211 units with construction expected to commence in early 2021 for an opening in 2022. Read More
| Investment | Development |
| Asset Class | Multi-Family |
| Status | Pre-Development |
| Market | Goodyear, AZ |
| Construction | 2021 |
| Units | 211 |
| Square Feet | 214,205 |
32 GREEN
32 Green, part of Campustown Opportunity Zone Fund I, is a 164-bed ground up student housing project just off the campus of the University of Illinois. Located right on Champaign’s iconic Green Street, the property features a mix of 2, 3, and 4 bedroom units - all with bed-bath parity - over 5,652 square feet of retail. This 5-story podium and wood building is currently under construction and slated to open in August, 2020. Read More
| Investment | Development |
| Asset Class | Student Housing |
| Status | Under Construction |
| Market | University of Illinois |
| Construction | 2020 |
| Beds | 164 |
| Square Feet | 80,104 |
| Property Website | greenstrealty.com |
Solace at Cimarron Hills
Solace at Cimarron Hills is a new ground up multi-family project to commence construction in Q2 2021 for a 2022 initial delivery. The 28.8 acre site is ideally located on the east side of the rapidly growing MSA of Colorado Springs along Powers Boulevard, a high-volume arterial that connects the project to an abundance of retail to the north, and two of El Paso County’s economic drivers - Peterson Air Force Base and Colorado Springs Municipal Airport - to the south. Read More
| Investment | Development |
| Asset Class | Multi-Family |
| Status | Pre-Development |
| Market | Colorado Springs, CO |
| Construction | 2020-21 |
| Units | 346 |
| Square Feet | 366,440 |
INVESTOR PORTAL
Active Investment Offering
Solace at Cimarron Hills
| Project Type | Multi-Family Development |
| Location | Colorado Springs, CO |
| Units | 234 |
| Project Cost | $61,027,050 |
| Total Equity | $18,300,000 |
| Preferred Return | 8.00% |
| Hold Period | 10 Years |
| Projected IRR | 19.13% |
Ryan Tobias, Partner
Ryan is a Partner and Co-Founder of Jackson Dearborn Partners. He oversees all elements of the JDP business including acquisitions, site selection, fundraising, and investor relations. With 14 years experience, Ryan has worked on over $1 billion in transactional real estate and has developed or acquired over $200 million in student housing and multi-family real estate. Read more
Prior to founding Jackson Dearborn Partners, Ryan worked at brokerage firms Marcus and Millichap and Newmark Knight Frank before starting Triad Real Estate Partners in 2010. Triad is a leading broker of student housing and multi-family in the Midwest completing nearly $1.6 billion in sales since inception. Following the success of Triad, he launched JDP with Shaun Buss and Sean Lyons in 2014 with the goal of building out a vertically integrated real estate investment portfolio.
Ryan is a graduate of the University of Michigan and after a decade in Chicago, moved back to Ann Arbor where he now resides with his wife Brittany and their two children.