Holland Partner Group Secures $84M Denver Loan
A newly debuted property of nearly 380 units backs this debt.
Newmark arranged an $83.8 million loan for The Deveraux, a 374-unit trophy property in Denver. The brokerage firm facilitated the three-year note through BMO Bank, according to public records. Holland Partner Group owns the community, Yardi Matrix data shows.
Previous debt consisted of an $82.5 million construction loan issued by Capital One in 2021, the data provider reveals.
The seven-story community is at 2950 Arkins Court, in Denver’s River North neighborhood and about 2 miles from the city’s downtown area. Several parks and transit stops can be found within walking distance.
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The Deveraux debuted in 2024, featuring studio, one- and two-bedroom floorplans averaging 732 square feet, as well as 21,000 square feet of Class A retail space. Units include keyless entries, while select apartments encompass 9-foot ceilings and balconies or patios. Community amenities consist of coworking spaces, an outdoor lounge and a swimming pool, EV charging stations and bicycle storage.
Newmark Vice Chairman Lee Redmond and Vice President Nick Schroeder arranged the debt placement alongside Managing Directors Courtney Crowder and Jack Kachadurian, who provided local market guidance.
Denver’s deliveries weigh heavily on advertised rents
Denver completions have kept up the pace as more than 15,400 units came online during the first nine months of 2025, a figure nearly identical to the one registered last year, Yardi Matrix data shows. The market still had almost 20,000 multifamily units under construction in October.
Despite completions making up 6.4 percent of stock on a trailing 12-month basis in September, the market’s resilient demand aided in maintaining a stable occupancy rate, which stood at 94.4 percent in August, down just 10 basis points year-over-year, the latest Yardi Matrix report shows.
However, the average advertised asking rents experienced downward pressure, falling 4.3 percent in September compared to last year, the same source shows. Meanwhile, the national rates were in the positive, clocking in at 0.6 percent.
