Denver Program
BayRock joined the prominent, family office real estate firm, Prospect Hill Group, “PHG”, seeking additional opportunities in non-coastal markets prior to the Pandemic. Subsequent to the lockdown in California, PHG and BayRock secured two, well-located investment opportunities in the Denver metro area.
Sylvan at Uptown, Uptown Denver neighborhood
- Existing 99 units urban core location. Sylvan at Uptown is a major, value-add and re-position of a newer asset. The property, formerly known as 16 Penn, was constructed in 2018 and was developed for 55+ senior independent living.
- Market conditions exacerbated by the Pandemic forced prior ownership to pivot and sell the asset prior to true stabilization. PHG quickly obtained control during the marketing process.
- PHG BayRock completed a major transformation of the physical product, including a comprehensive remodel of all common areas, exterior signage and landscaping, branding and interior finishes.
The Kenyon, Uptown district of Denver
- 124 units, new construction, high density luxury product stabilized lease up 2Q 2025
- The investment is a joint venture, as co-GP, with a local, active, legacy real estate investment and development firm.
- PHG secured additional investment from a high net worth, family office investor focused on multifamily.
Kenyon’s lease up stabilized in 2Q 2025
www.liveatkenyon.com