Evermore Partners, a real estate investment company focusing on high-impact, value-creation activities, has purchased 6707 Winchester Circle, a 33,296-square-foot office/flex building proximate to its acquisition of another property in Boulder earlier in 2022.
“The acquisition of this property is another great step for our company and its acquisition goals,” said Founder and CEO Seth Wolkov. As long-term believers in the Boulder area, we’re confident that this type of product will have enduring demand and relevancy. The combination of modern office layout, recently built out life-science lab space, and dock-door equipped distribution space will appeal to many types of tenants over time and provide good downside protection.”
The Evermore team has acquired over $1 billion worth of assets through multiple economic cycles, in all product types, and has specific experience with value-add and distressed and opportunistic investing. Evermore’s goal of acquiring a $250 million real estate portfolio in the Rocky Mountain Region within five years will be accomplished with assets sized between $5 million and $50 million across five key product types located within urban, college and core mountain communities.
Evermore focuses on markets located at the intersection of “Eds, Meds and Technology” that continue to experience above average net migration, wage and employment growth, helping to drive investment returns. The company seeks double-digit total returns generated from a combination of current cash yield and capital appreciation.