Revamping the Future: Signarama Takes Charge of Advenir Del Arte’s Rebranding Journey
Signarama to assist with the rebranding of the recently acquired Advenir Del Arte multifamily property.
Signarama, a professional, full-service sign design company based in Brighton, is proud to announce that the company has been selected to assist with the rebranding of the recently acquired Advenir Del Arte apartment property in Aurora. BMC Investments, a Denver-based, fully-integrated real estate investment company, purchased the property earlier this summer.
Signarama’s scope of work will include:
- 351 Unit Signs
- Updated Wayfinding/Directional Signs
- Two Monument Refaces
- Etched Vinyl for Privacy Glass
- Updated Parking Signs
The property is a workforce community and is comprised of 351 units across 17 buildings.
This will be one of eleven workforce housing communities currently owned by BMC, and the fifth in Aurora. BMC plans to rebrand the community to The Joliet at Lowry and invest heavily in renovations.
“Advenir Del Arte is an excellent opportunity for us to expand our workforce housing portfolio in an area of the Denver market where we have superior market insights and have already had immense success,” said Jeffrey Stonger, chief investment officer and partner at BMC Investments. “BMC is extremely focused on delivering high-quality, affordable workforce housing options in the communities in which we invest, and this acquisition helps us deliver on that goal.”
Originally built in 1986, Advenir Del Arte offers apartments and townhomes ranging from studios to 3-bedrooms. Community amenities include a 24-hour fitness center, swimming pool and onsite parking. Renovations will include exteriors and common areas as well as minor upgrades in the units. Consistent with BMC’s value-add investment strategy, the renovations will serve to revitalize the property and enhance the community for current and future tenants.
“Advenir at Del Arte represents a great acquisition and addition to the BMC Investments’ workforce housing portfolio in Colorado and we are thrilled to partner with Freddie Mac to provide accretive acquisition financing for the transaction,” said Brady O’Donnell, vice chairman with CBRE’s Debt & Structured Finance Group. “The asset fits ideally in Freddie Mac’s mission to provide financing for workforce housing and our team was able to negotiate and secure an attractive financing structure tailored to BMC’s investment strategy.”
Aurora has experienced significant redevelopment in the past decade, particularly around Anschutz Medical Center, and tends to attract renters due to its relative affordability compared the rest of the region. This has made the area a focus for BMC and its workforce housing portfolio which, with the addition of Advenir Del Arte, will now be comprised of 4,944 units across the Denver MSA. The property will be managed by Willow Bridge Property Company. The deal is being financed by Freddie Mac, which was arranged by CBRE.
“BMC did a tremendous job on the execution of the transaction,” said CBRE’s Lead Broker Shane Ozment, who represented the seller on the deal. “They are a leader in Denver in providing and maintaining workforce housing and Del Arte is a great addition to their portfolio. We received a tremendous amount of interest in the property even in the light of a very volatile interest rate environment.”
Within Aurora, BMC’s other communities include Aurora Hills, Vista Park, Landon Park, and Aurora Meadows, all of which are within four miles of Advenir Del Arte.
