JLL Capital Markets has arranged $37.1 million in construction takeout financing for Ridian Apartments, a 123-unit newly constructed luxury multifamily community located in Denver’s Highlands neighborhood.
JLL worked on behalf of the borrower, Trailbreak Partners, to secure a floating-rate loan through an insurance company’s debt fund.
“This refinancing underscores our confidence in the long-term strength of Denver’s fundamentals, particularly within the Highlands submarket,” said Ethan Argov, managing director of Capital Markets and Investments at Trailbreak Partners. “It reinforces our focus on delivering boutique luxury in high-barrier-to-entry neighborhoods and positions us to continue creating long-term value for our investors.”
Completed in 2025, Ridian Apartments represents a sophisticated addition to Denver’s rental housing market, featuring a thoughtfully designed unit mix of studio, one-bedroom and two-bedroom apartments across 132,000 square feet. The three-story wood-frame building includes 12 affordable units restricted to households earning 80 percent of the area median income, with the remaining 111 units offered at market rates.
The property features premium finishes, including chef-inspired kitchens with quartz countertops, stainless steel appliances and custom cabinetry. Residences include in-unit washers and dryers, frameless glass shower doors and keyless entry, with select units offering private patios and balconies.
Ridian’s comprehensive amenity package distinguishes it from competitors in the immediate market area. The community features a resort-style pool and hot tub, rooftop lounge with 360-degree mountain and city views, fitness center and clubhouse with co-working spaces. Additional amenities include covered garage parking, 24-hour security monitoring and package lockers.
Ridian provides residents with direct access to downtown Denver, which is a short five-minute drive. Tenants are also a five-minute walk from both the Lower Highlands neighborhood and the Highland Square shopping district, both of which have an abundance of bars, restaurants and retail amenities. The Highlands is one of Denver’s highest barrier-to-entry neighborhoods and is surrounded by high household incomes and home prices.
The JLL Debt Advisory team was led by Director Rob Bova.
“Ridian is located in one of Denver’s most coveted neighborhoods, offering a rare combination of boutique luxury design and irreplaceable location,” said Bova. “Ridian’s differentiated amenity package and smaller unit count provide residents with a quieter and more exclusive residential micro market.”
