Logo for Ironwood Apartments at the Ranch.

Ironwood at the Ranch is a 226-unit garden-style community in Westminster, Colorado, a well-established Denver metro submarket. Built in 1986, the investment executed a value-add business plan centered on renovating 134 units with upgraded interiors, along with a full-gut rehabilitation of the community amenities and comprehensive exterior improvements. The property was recapitalized with an institutional value-add fund at approximately $212,000 per unit and successfully repositioned through targeted capital investment and operational execution, culminating in a successful exit.

Illustration of three geometric shapes: a green triangle, a blue trapezoid, and a blue map pin icon, arranged to suggest a location or navigation theme.

WESTMINSTER, CO

Two residential buildings, with one emitting signals or attention marks, surrounded by bushes.

1986 VINTAGE

Blueprint with a grid of rooms and a large triangular ruler in the foreground.

226 UNITS

  • Value-Add Acquisition

  • Exited

  • 7.8 Years (December 2013 - July 2021)

Residential neighborhood with a blue house, large trees, flagpoles with American and state flags, landscaped yard, sidewalk, and street.
Swimming pool surrounded by lounge chairs and umbrellas in a residential backyard, with a multi-story house and tall trees in the background.
An outdoor pool area with lounge chairs, a hot tub, pink flowers in pots, and shaded seating under a wooden pergola, surrounded by trees and fences.
Modern coffee shop with white walls, wooden flooring, colorful abstract painting, black chairs, white tables, a computer station, and a bar counter with yellow barstools.
Modern kitchen with four yellow bar stools at a white island, pendant lighting, a mounted TV, and a black and white photograph of a building on a dark gray wall.
Modern living room with gray and blue accents, large windows, and a high ceiling.
Empty fitness room with treadmills, elliptical machines, dumbbells, weight rack, and exercise equipment, lit by fluorescent lights and windows, with a door at the back.
Kitchen with white cabinets, stainless steel microwave, stove with an orange kettle, and a refrigerator. There is a countertop with some items and artwork on the wall.
Living room with white sofa, colorful pillows, wooden coffee table with vases, orange patterned rug, and artwork on the wall, with a view into the kitchen.
A cozy bedroom with a large window, a bed with striped bedding, and nightstands with lamps. Decor includes wall art and vases with flowers.
A bedroom with a bed, orange throw pillow, white and blue bedding, a nightstand with a lamp, artwork on the wall, a dresser topped with a plant, a closet with sliding door, and an open door leading to a hallway.
A laundry room with a washing machine and dryer, a basket on top, orange storage boxes on a shelf, a framed art piece on the wall, and a built-in shelving unit to the right.
A bathroom with a vanity sink and mirror on the left, a towel hanging on a wall, and a separate area with a bathtub and toilet with a patterned shower curtain, and a framed picture on the wall.
Small balcony with a wooden chair, a red pot with pink flowers, beige siding, a glass door with blinds, and a tree with green leaves in the background.
Exterior view of a multi-story apartment building with brick and siding walls, surrounded by green trees and grass, under a partly cloudy sky.
Exterior view of a modern apartment building with brick and gray siding, multiple windows, and stairways, surrounded by grass and trees.