Opus, Ares Secure $67M Loan to Take Out Denver Apartment Construction Financing

Opus Development Co. and an Ares Real Estate fund secured a $67 million refinancing loan for Kalaco in Denver. Kalaco, a six-story building located on 1.91 acres at 1010 West Colfax Ave. was completed in August 2024. Multihousing News reports Opus started construction on the property in March 2022. The development includes 9,755 square feet of retail space. The...