THE AVENTINE

(Sold in December 2007)

Located in Denver, Colorado, this development is an urban-type, mid-rise residential property with easy access to the Denver Tech Center and downtown. Upon acquisition, Dermot aggressively corrected deferred maintenance, upgraded common areas, and increased below-market rents. In addition, Dermot took advantage of favorable interest rates to restructure the leverage on the asset, and also acquired an adjacent parcel of land for future development.