The community achieved a sales price of $31,500,000 or $366,279 per unit.

Balfour is positioned 15 miles southwest of Denver in the town of Littleton. Built in 2018, this trophy

asset was 97% occupied. Over the past 12 months, the community consistently maintained an average

occupancy of 95%, even with new supply coming into the market.

ESI conducted a highly competitive and confidential marketing process that attracted 11 offers

over the course of a three-week marketing campaign. An Investment Group based in Ohio

emerged as the purchaser. The transaction closed within weeks of the bid deadline.